"Chinese Local Governments Selling 15,000 Bitcoins"

Son Min

Summary

SolidIntel reported that Chinese local governments are selling 15,000 BTC of Bitcoin.
It is interpreted as a sale to secure cash amid financial difficulties.
The Chinese government is known to hold a total of 194,000 BTC.

Claims have emerged that local governments in China are selling some of their Bitcoin (BTC) holdings.

On the 16th (local time), SolidIntel reported on X (formerly Twitter) that "according to sources, Chinese local governments are selling about 15,000 BTC through overseas private companies," and "it is interpreted as an effort to secure cash funds amid financial difficulties."

Meanwhile, it is reported that the Chinese government holds a total of 194,000 BTC.

BTC

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

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"Chinese Local Governments Selling 15,000 Bitcoins"

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