German Government Officially Acknowledges Involvement in 50,000 Bitcoin Sell-off

The German government has officially acknowledged its involvement in selling 49,858 bitcoin linked to the movie2k case. In a press release, German authorities reported that the sales were completed due to what is stipulated in Section 111p of the Code of Criminal Procedure, classifying this move as an “emergency sale.” Bankhaus Scheich Wertpapierspezialist AG, the bank in charge of selling the bitcoin, was commissioned to complete the sales in a “way that was fair and gentle on the market,” carrying out these sales in small tranches over three and a half weeks. Authorities qualified this event as “unprecedented,” and stated that fair market prices were achieved. #Write2Earn