You are here

How much has U.S. or Russia already paid for the bitcoins Bulgaria confiscated?

Section: Daily Dispatches

Along with the new futures markets, the stash well might convey control of the bitcoin price for quite a while.

* * *

Bitcoins Seized by Bulgarian Police from an 'Organised Crime Gang' Would Now Pay Off a Fifth of the Country's National Debt

By Scott Campbell
Daily Mail, London
Saturday, December 9, 2017

Bulgarian police have seized enough bitcoins to pay off a fifth of the country's national debt after the value surged by 600 percent in half a year.

Officers are said to have confiscated hundreds of thousands of units of the virtual currency worth $500 million from an organised crime gang in May.

But the surging value of bitcoin means that the haul of 213,519 is now worth a staggering $3.3 billion. That is enough to pay off almost a quarter of Bulgaria's national debt, although it is not known what the authorities have done with the currency. ...

... For the remainder of the report:


USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site,, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

USAGold: Great prices, quick delivery -- all the time.

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: