In 2018, the Bulgarian government sold 213,500 confiscated Bitcoins for approximately $3.5 billion. These Bitcoins, seized in 2017 during a crackdown on organized crime, would be worth $25.2 billion at current market prices. This amount surpasses Bulgaria's current national debt of $24 billion, highlighting a missed opportunity for significant debt repayment.
Bulgaria's 2018 Bitcoin Sale Missed $25 Billion Debt Repayment Opportunity
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