Deutschland bestätigt Bitcoin-Notverkauf im Wert von mehreren Milliarden Euro

tldr; The German government confirmed the emergency sale of 49,858 Bitcoin, generating about 2.6 billion euros. This sale, linked to the ‘Movie2k case,’ was conducted with the Federal Criminal Police Office between June 19 and July 12, 2024, due to the risk of a significant value loss. The proceeds are held by the Leipzig Regional Court, pending decisions on permanent confiscation. The sale, executed in small transactions to minimize market impact, contributed to a noticeable drop in Bitcoin’s price during June and July. The funds were initially seized from the operators of the Movie2k streaming platform, involved in criminal proceedings.

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