Will UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?
After 14 years, Labour is in control of the UK government. Chancellor of the Exchequer Rachel Reeves may have discretion to use the country’s Bitcoin holdings for the party’s goals.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
After 14 years, Labour is in control of the UK government. Chancellor of the Exchequer Rachel Reeves may have discretion to use the country’s Bitcoin holdings for the party’s goals.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump
Bitcoin Magazine Bitcoin Shortsellers Get Destroyed With $1.7B in Positions Liquidated Following BTC Price Jump Daily liquidations...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...
Hashdex liquidates $14.7 million Bitcoin ETF as IBIT draws $143.6 million
Hashdex’s $14.7 million Bitcoin ETF is in liquidation after trading and creation orders ended, leaving remaining shareholders wait...
Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields
Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated gov...
This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal
Cypherpunk Technologies acquired roughly 18% of Zcash’s mining power in a $33.33 million equity deal that could dilute shareholder...
Germany Leads MiCA Register With 22% of CASP Entities
Germany accounts for 22% of active legal entities in the European Securities and Markets Authority's (ESMA) MiCA crypto-provider r...