🏛️ UK Prepares to Sell $7B in Seized Bitcoin

🚨 The UK Home Office is moving to sell a massive stockpile of seized #Bitcoin , reportedly worth over $7 billion, according to The Telegraph.

🔹 At least 61,000 $BTC was seized from a Chinese Ponzi scheme — its victims want restitution, but the UK government is seeking court approval to retain and liquidate the assets.
🔹 The funds could help ease Treasury budget gaps, drawing the attention of Chancellor Rachel Reeves, who also supports crypto-friendly regulation.
🔹 A £40M (~$54M) contract is being offered to firms to manage a centralized system for storing and selling seized crypto.
🔹 Legal delays remain a hurdle — complex cases can take up to 3–4 years from seizure to sale.

📌 If approved, this would mark one of the largest #BTC liquidations by a government to date.