#binance #hype #zec #near
20/07/25 08:30 UTC-04

UK Authorities to Sell $7.2 Billion Worth of Bitcoin

The UK Home Office plans to sell Bitcoin worth a massive $7.2 billion to help plug the budget deficit.

Law enforcement intends to offload digital assets confiscated in 2018 from Chinese criminals who ran a financial pyramid scheme that defrauded thousands of victims. The exact number of BTC held by the government is unknown, but based on current prices, it amounts to at least 61,000 coins valued at $7.2 billion.

For the fiscal year 2025–2026, the UK’s budget deficit may reach £70.3 billion (₽7.4 trillion), and the sale of Bitcoin is expected to reduce the shortfall by 7.6%. The main reason behind the decision is clear: Bitcoin’s record-breaking valuation. On July 14, BTC reached an all-time high of $123,289, and is currently trading around $118,000.

Bitcoin Price Trends in 2025

The British government has already launched a tender for the custody and sale of seized digital assets. Officials are ready to pay up to $53.7 million for these services over four years. This means that the sale of confiscated Bitcoin will be handled by an external company under contract with the Home Office.

See also: "The Kobeissi Letter Analysts Release Near-Term Ethereum Price Forecast"

#Bitcoin (BTC) #Sell

Editor: Alyona Nabok
Comments

Similar

03/06/26 00:06 UTC-04

Companies Managing Bitcoin Reserves Face a Choice: Borrow or Sell

Strategy's sale of 32 $BTC turned a relatively small transaction into a significant test for corporate Bitcoin treasuries. The question is no longer whether public companies hold $BTC. Investors are now watching how these companies meet their cash obligations while attempting to maintain their Bitcoin positions.

27/05/26 10:42 UTC-04

Bitcoin Survives a $1.29 Billion Shock: A “Whale” Sold Everything in One Move! BTC Shows Resistance

The cryptocurrency market has successfully withstood one of the largest tests of institutional liquidity in recent times. A hidden sell-off worth $1.29 billion in BlackRock’s spot Bitcoin ETF (IBIT), issued by the world’s largest asset-management company, did not cause lasting damage to Bitcoin’s price. The market absorbed this massive selling pressure like a sponge, demonstrating a strong position.

22/05/26 07:11 UTC-04

Bitcoin’s Paradox: Why Sellers Become More Active During Price Rallies

A series of major outflows from Bitcoin ETFs has exposed an uncomfortable dynamic: the price level that should attract buyers back into the market is instead triggering sell-offs. Bloomberg reported on the trend. According to K33 Research, US spot ETFs recorded massive outflows, with $1.7 billion withdrawn over five days. The selling pressure began when Bitcoin approached $83,000 — the average break-even price for ETF investors.