Krutika Adani
$7B in Bitcoin on the Line
The UK Treasury and Home Office may offload over 61,000 BTC—worth $7.1B—to help plug a budget hole. The stash was seized in 2018 from a Chinese Ponzi scheme.
Legal Fight Could Halt Sale
The sale may be blocked by victims of the Ponzi scheme who claim ownership. Legal proceedings are still ongoing, and China has pushed for the Bitcoin's return.
Critics Slam Timing and Intent
Crypto groups like Bitcoin Policy UK argue the report is exaggerated. Others warn that a rushed sale during a bull run could damage the UK’s long-term crypto stance.
Proceeds of Crime or Political Asset?
Even if a sale happens, proceeds may first go to legal costs and victim restitution. Only leftovers would reach the Treasury or law enforcement under UK confiscation laws.
Calls to Hold, Not Sell
Advocates urge the government to rethink. They believe retaining Bitcoin could benefit the UK’s economic future, rather than offloading it for a one-time budget plug.