German Government Sells $195 Million in Bitcoin
The German government recently sold $195 million worth of Bitcoin, transferring the funds to major exchanges like Coinbase and Kraken. These Bitcoin holdings were seized from the piracy site Movie2k.to earlier this year. #BTC☀
This significant sale has sparked debate among experts, with some seeing it as a strategic move and others worrying about its implications for Bitcoin’s future. Despite the sell-off, Germany still holds about $3 billion in Bitcoin.
The sale has caused a slight decline in Bitcoin’s price, and its long-term market impact remains to be seen.
