💰 What about selling existing Bitcoin holdings?
The UK holds approximately 61,000 BTC, seized from criminal cases (notably from Jian Wen’s laundering scheme). That stash is now worth roughly £5 billion to £7 billion, depending on market price .
Officials, including former Chancellor Lord Lamont, have urged Chancellor Rachel Reeves to sell the seized Bitcoin to help address a £20 billion fiscal shortfall .
The Home Office is exploring a legal framework for liquidating these assets, though legal and restitution claims may delay or reduce proceeds .
The UK holds approximately 61,000 BTC, seized from criminal cases (notably from Jian Wen’s laundering scheme). That stash is now worth roughly £5 billion to £7 billion, depending on market price .
Officials, including former Chancellor Lord Lamont, have urged Chancellor Rachel Reeves to sell the seized Bitcoin to help address a £20 billion fiscal shortfall .
The Home Office is exploring a legal framework for liquidating these assets, though legal and restitution claims may delay or reduce proceeds .