Germany took back millions of dollars worth of Bitcoin

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The German government took back $141 million worth of Bitcoin in a remarkable operation. In the last transaction, 2442 Bitcoins were transferred to the state's digital wallet.

The details of this large-scale operation are remarkable. 903 Bitcoins (approximately $52.3 million) were withdrawn from the Kraken exchange. In addition, another 1529 Bitcoins ($88.6 million) were transferred from addresses whose source is not yet clear. 10 Bitcoins ($575 thousand) were purchased from the Bitstamp platform.

This move coincides with the German government's plan to dispose of 50 thousand Bitcoins seized from the pirated movie site Movie2K, which was closed in January. This strategy of the government became the target of criticism in some circles. "The government's decision to hastily sell Bitcoins may have negative consequences in the long term," said Bitcoin advocate and Bundestag member Joana Cotar.