Justin Sun Trying to Save Bitcoin: He Gave a Blank Check to Germany

Tron ($TRX ) founder Justin Sun gave the German government a blank check for Bitcoin. Justin Sun wants to buy the coins held by the German government in order to relieve the selling pressure on Bitcoin.

Germany seized tens of thousands of Bitcoins on illegal platforms as a result of operations carried out in recent months. German authorities have sent tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges throughout this week, including today.

Arkham CEO said that Bitcoin is generally sent to central cryptocurrency exchanges with the intention of selling. Justin Sun stated, “I am ready to negotiate with the German government to buy all $BTC off the market in order to minimize its impact on the market.”

According to Arkham data, the German government still has 40,359 Bitcoins worth $2.33 billion in its wallet, despite the coins it has recently disposed of.

The transactions made by #Germany have recently led to an increase in the sales pressure on #Bitcoin . According to CoinGecko data, Bitcoin fell below $58,000 today.

According to Bitcoin Treasuries data, Germany has one of the largest Bitcoin wallets among states. Germany is on the list behind the USA, China, the UK and Ukraine.