Tron ($TRX) founder Justin Sun has made a bold proposal to the German government:
He was willing to write a “blank check” to buy Bitcoin. Justin Sun's move is aimed at acquiring Bitcoin held by the German government in order to alleviate the selling pressure on Bitcoin in the market.
Recently, the German government seized tens of thousands of Bitcoins in a crackdown on illegal platforms. German authorities have transferred tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges this week, and according to Arkham’s CEO, these Bitcoins are typically sent to central cryptocurrency exchanges for sale. In this regard, Justin Sun said: "I am ready to negotiate with the German government and plan to purchase all available Bitcoins from the market to minimize its impact on the market."
According to Arkham data, despite the recent disposal of the coins by the German government, it still holds 40,359 Bitcoins in its wallets, worth a total of $2.33 billion.
Recent trading activity has resulted in a significant increase in selling pressure on Bitcoin. According to data from CoinGecko, the price of Bitcoin has fallen below $58,000 today. According to data from the Bitcoin Treasury, Germany ranks among the top in the world in terms of the number of Bitcoin wallets, behind the United States, China, the United Kingdom and Ukraine.
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