Share this article
Finland Plans to Donate Seized Bitcoins to Help Ukraine: Report
The bitcoin seized in various criminal investigations and donated could be worth as much as $77 million, according to the report.
Updated May 11, 2023, 6:54 p.m. Published Apr 27, 2022, 9:36 p.m.
Make us preferred on Google
Finland is planning to donate bitcoin seized from various criminal investigations undertaken by its government to Ukraine, Finnish paper Helsingin Sanomat reported, citing government sources.
- The amount of bitcoin to be donated has not been determined yet, but the potential amount could be worth as much as 73 million euros ($77 million) at current prices, according to the report.
- Finland began looking into the use of bitcoins to help Ukraine in early March, the report said. Finland has also considered donating 1,981 bitcoins seized by its customs department directly to Ukraine.
- Donating cryptocurrency has become a popular and efficient way to donate money to Ukraine’s war effort against Russia.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Michael Saylor's Strategy catches a break from MSCI, but analysts caution fight isn’t over yet
MSCI won’t drop firms like Strategy from indexes yet, but a broader rule change may still be on the table
What to know:
- Shares of Strategy rose 6% after MSCI decided not to exclude digital asset treasury firms from its indexes.
- The decision alleviates immediate pressure on companies holding large amounts of bitcoin but not directly operating in the blockchain sector.
- Analysts caution that the situation may not be resolved, as future MSCI rule changes could still impact firms like Strategy.
Top Stories
