🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Bulgaria's sale of Bitcoin in 2018 caused it to miss a $25 billion debt repayment opportunity.
PANews, July 16 news, according to Cointelegraph, the batch of confiscated Bitcoin disposed of by the Bulgarian government in 2018 is currently worth more than the country's total public debt. This batch of 213,500 Bitcoins was seized during a crackdown on organized crime in 2017 and was sold for about $3.5 billion at that time. If held until now, its value would reach $25.2 billion—5% higher than the latest $24 billion national debt of the country, which led Bulgaria to miss a great opportunity for debt repayment.