UK Home Office working towards sale of $7 billion seized BTC stockpile: The Telegraph https://t.co/7RYLIwOO9D
UK's Chancellor Reeves considers £5b bitcoin sale to help plug black hole #MacroEdge
UK working with police to sell off seized cryptos - Telegraph - texting @saylor
A former officer of Britain's National Crime Agency (NCA) was sentenced to five and a half years in prison for stealing bitcoin from a dark web drug dealer during an investigation into the Silk Road marketplace. The initial haul was valued at approximately £60,000 but has since appreciated to around £4.4 million ($5.9 million). Separately, the UK government, led by Chancellor Reeves, is reportedly working with police to sell off a substantial stockpile of seized cryptocurrencies. The Home Office is preparing to sell seized bitcoin worth up to $7 billion, with considerations to use proceeds from a potential £5 billion bitcoin sale to help address fiscal shortfalls. This development marks a notable intersection of cryptocurrency assets and government fiscal policy in the UK.