According to Business Insider Polska (https://businessinsider.com.pl/finanse/kryptowaluty/bulgaria-posiada-200-tys-bitcoinow-to-18-proc-dlugu/lrf2gjk?utm_source=fb&utm_medium=social&utm_campaign=fb_bi), the Bulgarian government sits on 200,000 Bitcoins.
The Bitcoins were confiscated in the course of a crackdown on a criminal group.
At the time of confiscation, these Bitcoins were worth around $ 500,000. Curently, they are worth around $ 3 billion.
The question is, what the next step of the Bulgarian authorities will be?
The eventual sell order of this size could have an impact on the price of Bitcoin.
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In the past, you could read articles about crypto currencies getting the attention of major banks. However, the concept of crypto currencies as reserve currencies - that is new.