The UK government may consider selling its multi-billion-dollar Bitcoin holdings to address gaps in its finances, according to accounting firm RSM.
Recent data suggest that the government possesses approximately $6.27 billion in Bitcoin, much of which was seized during a criminal investigation involving convicted money launderer Jian Wen. While prosecutors claim Wen used Bitcoin to acquire cash and property, her legal team disputes her involvement as the mastermind of the operation.
Amid mounting fiscal pressures, Rachel Reeves, the Chancellor of the Exchequer, has reportedly been advised to consult experts on the best time to liquidate these assets to maximize taxpayer benefit.
Chris Etherington of RSM argues that the volatile nature of Bitcoin makes an immediate sale a prudent option, particularly given the political and economic pressure Reeves faces. He pointed to Germany’s decision last year to sell off 50,000 BTC in a similar scenario as a precedent.
Legal expert Quentin Hunt explained that proceeds from forfeited cryptocurrencies, like the UK’s Bitcoin holdings, are directed into the Consolidated Fund, managed by the Treasury, effectively funneling the money back into public use. With Germany already capitalizing on its Bitcoin reserves to support fiscal needs, the UK now faces a similar opportunity to stabilize its finances.
At the recent Bitcoin 2025 conference, White House advisor David Sacks opened the door to a potential increase in the U.S. government’s Bitcoin holdings — but only if it can be done without adding to the deficit or raising taxes.
El Salvador has secured a $120 million disbursement from the IMF as part of its $1.4 billion loan agreement, but only after agreeing to reduce direct government involvement in Bitcoin operations.
Japanese investment firm Metaplanet is ramping up its Bitcoin strategy by raising $50 million through a private placement of zero-interest bonds.
Robert Kiyosaki, author of Rich Dad Poor Dad, is sounding a dire alarm over what he describes as the beginning of financial chaos in the U.S.—a scenario he believes will wipe out millions financially.