UK Dumps £5 Billion in Bitcoin to Plug Budget Black Hole—Crypto Markets Unshaken

Britain just turned hodler into seller—liquidating a £5B Bitcoin stash to patch its fiscal wounds. Treasury officials claim it's 'prudent asset management,' but crypto traders barely blinked.

When governments sell, does retail buy?

The fire sale represents one of the largest state-sponsored crypto disposals since El Salvador went all-in. Yet Bitcoin's price chart barely twitched—proof that even £5B is pocket change for today's trillion-dollar crypto markets.

Budget hawks cheer the deficit reduction, while Bitcoin maximalists shrug. 'Paper hands never moon,' tweeted one crypto influencer, alongside a meme of a sweating Britannia dumping gold bars.

One City analyst quipped: 'Nothing fixes reckless spending like selling the one asset that actually appreciates.' Ouch.