The stash, reportedly worth at least $7 billion and containing 61,000 BTC, has become a point of focus for both law enforcement and the Treasury.

Recovered as part of a money-laundering investigation, the digital assets are at the center of a legal dispute. Although victims have requested restitution, prosecutors have asked the High Court for permission to keep the funds, which would then be funneled into public coffers.

Amid budget pressures, Chancellor Rachel Reeves is reportedly monitoring the situation closely. She has previously expressed interest in collaborating with U.S. regulators to establish a clearer framework for the crypto industry.

Separately, the Home Office is seeking a firm to manage the storage and sale of seized crypto through a four-year contract worth up to $53.7 million. But the search for qualified bidders has so far been unsuccessful. The tender also notes that finalizing legal procedures can take several years, adding uncertainty to the timeline for any future sale.

The post UK Eyes $7 Billion Bitcoin Sale as Treasury Seeks Budget Relief appeared first on Coindoo.

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Filed under: Bitcoin - @ July 20, 2025 12:01 pm