In 2017, Bulgarian authorities made headlines when they seized 213,500 BTC during a crackdown on organized cybercrime. At the time, bitcoin was trading below $3,000 so the total stash was worth around $640 million.

A year later, in 2018, the Bulgarian government sold the entire bitcoin haul.

Bulgaria sold the entire 213,500 bitcoin for 15,000 euros per coin — Bivol.bg

That seemed like a smart move at the time, but now it’s being questioned as bitcoin’s value has skyrocketed, making it a very costly mistake.

As of mid 2025, bitcoin is trading at around $120,000, so the same stash would now be worth more than $25 billion – a figure that exceeds or comes close…

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