🇩🇪 German Government Sells Seized Bitcoin! 🚨
Key Highlights:
- Emergency Sale:
- Sold 50,000 BTC
- Raised €2.639 billion ($2.88 billion)
- Background:
- BTC seized from a hacking and money laundering investigation involving German and Polish nationals
- Government Stance:
- BTC price was “unimportant”
- Goal: Sell “as quickly as possible” regardless of market conditions
- Market Impact:
- BTC dropped from $65,000 to $53,500 during the sale
- Recovered quickly, now trading at $65,000
🔍 Insight:Despite market fluctuations, Bitcoin remains resilient, bouncing back after initial pressure.
