Bitcoin is at risk as the UK considers 6.7 billion dollars BTC star-news.press/wp

benamira July 19, 2025

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Bitcoin is at risk as the UK considers 6.7 billion dollars BTC star-news.press/wp

Bitcoin may face great pressure for sale in the coming weeks after reports that the United Kingdom (UK) is considering selling $ 7.1 billion from BTC. The country intends to use revenues to help reduce government operations.

UK eyes $ 7.1 sell bitcoin to connect the black hole

according to Telegraph reportThe UK Consultant, Rachel Reeves, can soon sell up to $ 7.1 billion from BTC because she seeks to fill the budget deficit. According to what was reported, the Ministry of Interior is working with the police forces to sell the coins that the country has gained through seizures.

Specifically, it plans to develop an official encryption storage system that would deal with the sale of bitcoin and other digital assets. Bitcointreasuries data He explains that the United Kingdom currently possesses 61,245 BTC, making it the country with the third largest property, behind the United States and China.

These coins originated primarily from one raid in 2018, when the United Kingdom regained 61000 BTC from the revenue of the Chinese Bonzi scheme, which was stored in the country. A possible sale can cause bitcoin a dramatically, similar to what happened when Germany sold 50,000 BTC last year.

At that time, the bitcoin price fell from about $ 66,000 to $ 55,800, due to the sales volume. However, there is a possibility that this time is different, given the increased demand for the main encryption through the treasury bonds and the traded investment box qualifications.

Interestingly, this development comes exactly as the founder of the Binance Changpeng “CZ” Zhao how Bitcoin can solve national debt. In this case, the main encryption can provide the country with a rescue plan. Check made the media in its statement in reference to how Bulgaria sold 213,500 BTC in 2018, with these laboratories now worth about 80 % of national debts in the country.

Strategic reserves instead?

Meanwhile, the United Kingdom’s move comes at a time when some other countries, including the United States, are moving to create a strategic bitcoin reserve. In fact, Nigel Faraj, the leader of the Islah party I stated that the United Kingdom will create a BTC reserve at the Bank of England if his party arrives in power in the upcoming general elections.

Meanwhile, Farage has already called the Labor Party to adopt Bitcoin from now, which the party rejected. As I noticed Telegraph, the country risks a similar mistake when it sold 401 tons of gold in 1999, which was worth about $ 53 billion now, enough even to cover the current budget deficit.

Bitcoin price decreased sharply to about 17,400 dollars after the report in the UK is considering selling. However, CoinmarketCAP data appears that BTC has wore again and looks at a psychological level recovery of $ 118,000.