🚨 Bitcoin Blitzkrieg in Germany! 🚨
- The German government confirmed a multi-billion emergency Bitcoin (BTC) sale starting in June.
- Sachsen state sold 49,858 BTC between June 19 and July 12, 2024, in collaboration with the Federal Criminal Police.
- Proceeds? A whopping €2.6 billion (~$2.8 billion), now chilling at the Leipzig Regional Court.
- Why sell? To avoid a 10%+ value drop amid ongoing criminal proceedings in the "Movie2k case."
- Bitcoin took a hit, dropping 9.8% in June and briefly below $55,000 in July before bouncing back.
Stay tuned for more crypto capers! 🕵️♂️
