Germany Retains Over 40K Bitcoins Despite Recent Sale, Onchain Data Reveals
The German government continues to sell seized bitcoin, with recent transactions totaling up to $175 million in BTC, reported by blockchain intelligence firm Arkham.
Despite these sales, Germany still holds more than 40,000 BTC valued at over $2.3 billion. These actions coincide with anticipated bitcoin distributions from Mt. Gox, impacting BTC’s market price, which has seen a 4% drop in the last day and over 6% in the past week, dipping below $57,000.
Justin Sun, Tron’s founder, has expressed interest in purchasing Germany’s remaining bitcoin off-market to mitigate market disruption.
Clever Robot News Desk 7th July 2024
