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Bulgarias sale of confiscated Bitcoin in 2018 cost it $25 billion in debt repayment

2025-07-16 20:52:32 1 days ago CoinRank

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CoinRank News: The Bulgarian government disposed of a batch of confiscated Bitcoins in 2018, which, calculated at current market prices, has exceeded the countrys total public debt. The 213,500 Bitcoins were seized in 2017 during the crackdown on organized crime and sold for about $3.5 billion at the time. If they were held until now, their value would reach $25.2 billion, 5% higher than the countrys latest $24 billion national debt, which made Bulgaria miss a great opportunity to repay its debts. (Cointelegraph)

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