Finland cashes in with sale of confiscated bitcoin

Proceeds from the €46.5m auction will be donated to Ukraine as rebuilding and humanitarian assistance

Finland's Prime Minister Sanna Marin. Photograph: Alessia Pierdomenico/Bloomberg

Kati Pohjanpalo

Finland has sold its hoard of confiscated bitcoin just as the market for cryptocurrencies is cooling, raising less than previously anticipated.

The country liquidated 1,889.1 bitcoin during the summer via two brokers, raising €46.5m, it said yesterday.