China Seeks $1.2 Billion By Selling Seized Bitcoin, Raising Market Concerns

China is set to sell a substantial amount of Bitcoin, approximately $1.2 billion worth, seized in high-profile investigations. This sale, targeting local government funding deficits, is expected to involve 15,000 Bitcoins and will be overseen by legal approvals before execution through private companies. Market experts remain cautious about potential price fluctuations that could occur due to the sudden influx of supply.