- Finland has sold its hoard of confiscated Bitcoins BTC/USD, collecting less money than expected, just as the cryptocurrency market is slowing down, reported Bloomberg.
- The Customs reported in an emailed statement that it sold 1,889.1 Bitcoins over the course of the summer through two brokers, raising €46.5 million ($47.5 million).
- The coins had been seized in drug busts and had been legally forfeited. The stake was valued at almost $130 million at the height of the crypto boom last year, but Finland made no attempt to time the market with its sale.
- In addition to an undetermined number of other cryptocurrencies, Finnish Customs continues to hold 90 Bitcoins that are pending a court decision for forfeiture.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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