According to PANews, Justin Sun, a prominent figure in the cryptocurrency world, has expressed his willingness to negotiate with the German government. He proposes to purchase all their Bitcoin holdings through over-the-counter (OTC) transactions. Sun's intention behind this approach is to minimize any potential impact on the market.
Over-the-counter transactions are trades that occur directly between two parties, without the supervision of an exchange. This method is often used for large volume trades to avoid significant price fluctuations that could occur if the trade was executed on an open exchange. Sun's proposal to the German government indicates his concern for maintaining market stability.
While the German government has not yet responded to Sun's proposal, the move highlights the increasing interest and involvement of governments and institutional investors in the cryptocurrency market. The outcome of this potential negotiation could have significant implications for the future of Bitcoin and the broader cryptocurrency market.