Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: MUGNIA on January 08, 2021, 03:34:31 PM
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It appears that the Finnish customs authority, known as Tulli, has been a long time Bitcoin holder that is finally looking to cash in on some massive gains.
It was reported by local Finnish news outlet Yle that Tulli is looking to sell 1,981 BTC. Back in 2016, the Finnish customs authority seized the bitcoins from a highly wanted drug dealer.
At the time the Bitcoin was seized, it was only worth approximately $850,000. However, after being patient and holding to current all-time high prices the BTC is worth a whopping $75 million. Tulli was considering selling its Bitcoin stake back in 2018 via auction, but it didn’t want the Bitcoin to end back up in the hands of criminals or bad actors.
It doesn’t seem that Tulli was intentionally holding the cryptocurrency because it thought the BTC would accrue massively in value, but more because it likely saw it as a potential threat to society. Whatever the rationale was, it seems that decision has paid off with momentous returns.
With Bitcoin continually breaking new all-time highs, the Finnish customs authority finally decided that it was time to sell its stake.
more : https://beincrypto.com/75-million-in-bitcoin-to-be-sold-by-finnish-customs-authority/