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The UK Home Office is sitting on 61,000 BTC - a crypto stash

MR CRYPTOPHILIC

Updated at: 9 hours ago

{"content":"The UK Home Office is sitting on 61,000 BTC - a crypto stash worth £5.4 billion, originally seized in 2018 from Jian Wen, who was tied to a massive Chinese Ponzi scheme. At the time, Bitcoin was trading at just £4,900. Today, each coin is worth over £92,000. In May 2025, the UK issued a £40 million tender to create a "Crypto Storage and Realisation Framework" a centralized system to custody and liquidate seized crypto assets. But no acceptable bids were submitted. Legal disputes from victims and estate claims could also delay the sale by 3-4 years. Critics are already comparing this moment to Gordon Brown's infamous gold selloff in 1999, when Britain dumped reserves before a massive gold bull run. With the UK's £20B budget gap, many see crypto liquidation as a tempting fix - but the timing could make or break it. $VIRTUAL {spot}(VIRTUALUSDT) $DOGE {spot}(DOGEUSDT) $SEI {spot}(SEIUSDT) #StablecoinLaw #GENIUSAct #AltcoinBreakout #DOGE #Write2Earn ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/21/7f59d3bb97178308fff8d2fcd113af3c.jpg","https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/21/e68e0b10bf75d0ef6ea7ab3055a4108c.jpg"],"tags":[],"tradingPairs":["DOGE/USDT"],"quotearticleid":0}

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