April 28, 2022

Finland Picks Coinmotion & Tesseract To Donate €73 M Of Seized Bitcoin

The government of Finland has selected Coinmotion and Tesseract as brokers for Ukraine's Bitcoin donations.

Coinmotion and Tesseract will each receive 1,890 BTC.

Finland is donating money gained from the sale of bitcoins seized during criminal investigations by its customs to Ukraine.

According to the Finnish paper Helsingin Sanomat, the potential amount could be worth approximately €73 million at current exchange rates.

The country has considered donating the 1991 Bitcoins seized by its customs officials during criminal investigations.

Minister of Finance and Deputy Prime Minister Annika Saariko posted on Facebook that bitcoin would be sold and donated.