Back in 2017, Bulgaria seized 213,519 Bitcoin during a crackdown on organised crime.
Just a few months later, the country sold its entire Bitcoin stack for about $3.5 billion.
Hindsight is always 20/20, of course, but it was clearly a bad decision.
Today, Bulgaria has a public debt of around $24 billion according to World Economics data.
For reference, 213,519 BTC would be worth $25.2 billion today.
Ouch.
How do you rate this article?
10
I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash
Let’s talk crypto 💎💠
Reward the author with $0.01 in crypto, and earn yourself as you read!
% to author / 80% to me.
18 hours ago
1 minute read
15 Oct 2026
3 minute read
Page not displaying correctly?
