UK Government Holds Over 61,000 BTC Worth Over $4 Billion

According to Foresight News, on-chain data from Arkham reveals that the UK government currently holds more than 61,000 BTC, with a total value exceeding $4 billion. In 2018, the London Metropolitan Police confiscated 61,000 bitcoins from Jen Wen and Zhimin Qian. The large amount of seized cryptocurrency highlights the UK government's involvement in the digital asset space. The confiscated bitcoins are likely to be held by the government as part of its efforts to combat illegal activities involving cryptocurrencies.