Justin Sun, founder of Tron ($TRX), has offered Germany a blank check to buy back its seized Bitcoins, aiming to ease selling pressure on Bitcoin markets. ๐๐ต
In recent months, Germany seized tens of thousands of Bitcoins from illegal platforms, funneling tens of millions of dollars worth of Bitcoin to exchanges this week alone. ๐ฐ๐ป
Arkham CEO noted Bitcoins are typically sent to central exchanges for sale, prompting Sun to offer to buy all $BTC to stabilize the market. ๐ฒ๐
Despite recent sales, Germany still holds 40,359 Bitcoins worth $2.33 billion. ๐๐ผ
Germany's recent transactions have increased selling pressure on Bitcoin, dropping below $58,000 today. ๐๐ฅ
Germany holds one of the world's largest Bitcoin wallets, trailing only the USA, China, UK, and Ukraine according to Bitcoin Treasuries data. ๐๐
