Finland Selects Coinmotion, Tesseract as Brokers for Ukraine Bitcoin Donations

The two brokers will sell the bitcoin with the proceeds donated to Ukraine.

AccessTimeIconApr 28, 2022 at 10:12 a.m. UTC
Updated May 11, 2023 at 5:35 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Finland's government has selected two local digital asset service providers to act as brokers for its planned donation to Ukraine.

  • The two firms selected are Jyväskylä-based trading and custody provider Coinmotion and Helsinki-based digital asset lender Tesseract, Finland's customs agency announced Thursday.
  • The plan is to give Coinmotion and Tesseract around 1,890 BTC ($75 million) by early summer for them to sell.
  • It was reported on Wednesday that Finland was planning to donate bitcoin seized from various criminal investigations to Ukraine worth as much as 73 million euros ($77 million).
  • Finnish Minister of Finance and Deputy Prime Minister Annika Saariko confirmed the reports via her Facebook account, with the caveat that the bitcoin would be sold and the proceeds donated in euros.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about