The United Kingdom is reportedly planning to sell around $6.7 billion worth of seized Bitcoin to help reduce the country's budget deficit.
According to reports, the UK Treasury is currently working with the Home Office and law enforcement to expedite the sale of the digital assets.
In fact, a special system is being developed to ensure that crypto is stored safely before the sale is carried out.
It is understood that the value of the government's Bitcoin is now around $118,528 per BTC, making the UK's entire crypto holdings worth over $6 billion following the surge in prices in the market.
Although the sale activity is carried out by the authorities, the Treasury's involvement is seen as very important since the increase in the value of the crypto market can have a major impact on the country's revenue.
However, this action may affect the momentum of Bitcoin's price increase in the near future.
The exact amount of Bitcoin owned by the UK government has not been disclosed, but it is reported that they hold at least 61,000 BTC, which is currently estimated to be worth around $7.1 billion.
The Bitcoin was seized in 2018 from a Chinese Ponzi scheme operating in the UK.
The idea of selling Bitcoin has been raised since early 2025, when reports suggested that Finance Minister Rachel Reeves might sell the reserves to help fill the national budget.
