UK Govt.’s “Seized” Bitcoin Holding Now Valued at $6 Billion

As BTC price breaks above $100,000, the United Kingdom government’s Bitcoin holding has reached over $6 billion in valuation. This not-so-known BTC holding was seized from Zhimin Qian in 2021 after money laundering allegations.  According to Arkham Intelligence data, the entity flagged “U.K. Government” holds 61,245 BTC and these assets have never been moved since […]

  Business   Dec 6, 2024   0   22  Add to Reading List
UK Govt.’s “Seized” Bitcoin Holding Now Valued at $6 Billion


Click the link to join the registration on WhatsApp: https://chat.whatsapp.com/KThkuZlWaTcCu3iJHGBmLM


Click the link to join the registration on WhatsApp: https://chat.whatsapp.com/KThkuZlWaTcCu3iJHGBmLM


Click the link to join the registration on WhatsApp: https://chat.whatsapp.com/KThkuZlWaTcCu3iJHGBmLM

As BTC price breaks above $100,000, the United Kingdom government’s Bitcoin holding has reached over $6 billion in valuation. This not-so-known BTC holding was seized from Zhimin Qian in 2021 after money laundering allegations. 

According to Arkham Intelligence data, the entity flagged “U.K. Government” holds 61,245 BTC and these assets have never been moved since 2021. 

U.K. Govt.’s Bitcoin Holding – Arkham
U.K. Govt.’s Bitcoin Holding – Arkham

The funds were seized by the UK government from Chinese national Qian Zhimin who fled the country after defrauding investors and stole nearly $5.6 billion. 

While Zhimin is set to go on trial in September of next year, her accomplice Jian Wen has already been sentenced six years prison for the money laundering charges by the Southwark Crown Court.

Currently, it’s not clear whether these funds will be returned to investors or the UK government seizure is permanent. As the trial on Zhimin has not come to an end yet, the funds are expected to sit idle in the wallet. 

Read: Florida Plans To Launch Bitcoin Reserve by Q1 2025

Read Original   

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

Keep advertising to get more people

You could reach thousands of more people for every ₦1,000 you spend. https://doacweb.com/advertising

Adverts on doacWeb can be informative, educative or persuasive in nature.

doacWeb Ads is always directed at a broad audience (reaching thousands of people day by day), not few individuals — it deliver your advert to the target audience at the same time. Putting your offer in front of the right people — who have the money and interest in what you sell.

doacWeb Advertising gives you advantage as adverts passes through https://doacweb.com to the internet, reaching millions of people over the internet, and to grow your audience.

Grow your business, Be known, Boost your visibility, Drive engagements, Get new customers and Increase sales.

doacWeb acts as a global advertising media, to let people — individuals — and businesses, to promote and reach more interested people.

Get Started.

WhatsApp: 09031633831

Email: info@doacweb.com
Keep advertising to get more people

You could reach thousands of more people for every ₦1,000 you spend. https://doacweb.com/advertising

Adverts on doacWeb can be informative, educative or persuasive in nature.

doacWeb Ads is always directed at a broad audience (reaching thousands of people day by day), not few individuals — it deliver your advert to the target audience at the same time. Putting your offer in front of the right people — who have the money and interest in what you sell.

doacWeb Advertising gives you advantage as adverts passes through https://doacweb.com to the internet, reaching millions of people over the internet, and to grow your audience.

Grow your business, Be known, Boost your visibility, Drive engagements, Get new customers and Increase sales.

doacWeb acts as a global advertising media, to let people — individuals — and businesses, to promote and reach more interested people.

Get Started.

WhatsApp: 09031633831

Email: info@doacweb.com
Keep advertising to get more people

You could reach thousands of more people for every ₦1,000 you spend. https://doacweb.com/advertising

Adverts on doacWeb can be informative, educative or persuasive in nature.

doacWeb Ads is always directed at a broad audience (reaching thousands of people day by day), not few individuals — it deliver your advert to the target audience at the same time. Putting your offer in front of the right people — who have the money and interest in what you sell.

doacWeb Advertising gives you advantage as adverts passes through https://doacweb.com to the internet, reaching millions of people over the internet, and to grow your audience.

Grow your business, Be known, Boost your visibility, Drive engagements, Get new customers and Increase sales.

doacWeb acts as a global advertising media, to let people — individuals — and businesses, to promote and reach more interested people.

Get Started.

WhatsApp: 09031633831

Email: info@doacweb.com