Bulgaria's Missed Opportunity with Seized Bitcoin Surpasses National Debt

According to Odaily, the Bulgarian government sold a batch of seized Bitcoin in 2018, which, at current market prices, now exceeds the country's public debt. The 213,500 Bitcoins were confiscated in 2017 during a crackdown on organized crime and were sold for approximately $3.5 billion at the time. If held until now, their value would have reached $25.2 billion, surpassing Bulgaria's latest national debt of $24 billion by 5%. This represents a significant missed opportunity for Bulgaria to address its debt obligations.