Justin Sun, founder of Tron ($TRX), has made a bold move to alleviate selling pressure on Bitcoin by offering a blank check to the German government. This comes after Germany seized tens of thousands of Bitcoins from illegal platforms in recent operations, amounting to millions of dollars' worth of Bitcoin sent to exchanges this week alone.

Arkham CEO noted that Bitcoin from these seizures is typically sent to major exchanges for sale. Justin Sun expressed readiness to negotiate with Germany to purchase all their Bitcoin holdings off the market, aiming to mitigate its impact on market prices.

Despite recent sales, Germany still holds 40,359 Bitcoins valued at $2.33 billion, according to Arkham data. These transactions have intensified selling pressure on Bitcoin, pushing its price below $58,000 today, as per CoinGecko data.

Germany ranks among the top nations with substantial Bitcoin holdings, trailing only the USA, China, the UK, and Ukraine, according to Bitcoin Treasuries data.