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Bulgaria's Bitcoin Holdings Surpass Their Gold Reserves
For the first time in history, the bitcoin holdings of a nation state have surpassed their gold reserves, and it happens to be Bulgaria. The country is believed to hold more than 200,000 bitcoins, now worth about $2 billion, while their gold reserves of 40 tones are worth only $1.8 billion. Making it the first time a nation state has more value stored in bitcoin than in gold reserves. That’s per a May 2017 press release by the Southeast European Law Enforcement Centre (SELEC) which announced in a headline: “More than 200,000 bitcoins in value of 500 million USD found by the Bulgarian authorities.” They further ... (full story)