Is it worth an emergency sale of more than 2 billion US dollars for a developed country? Selling later, afraid of losing money? This situation is really hard to describe.
German law enforcement said that the "emergency sale" of nearly 50,000 BTC has ended, with revenue of 2.88 billion US dollars
According to Decrypt, German law enforcement disclosed to it that the "emergency sale" of nearly 50,000 bitcoins has ended, with sales revenue reaching 2.88 billion US dollars (2.639 billion euros), while the value of the relevant bitcoins was about 2.1 billion US dollars when German law enforcement seized them. German law enforcement said that these proceeds did not initially represent any additional income for the Free State of Saxony, but would be kept until the criminal proceedings were finally concluded.
It is reported that the sale totaled 49,858 bitcoins, which took place between June 19 and July 12, and was coordinated by the Central Office for the Protection, Custody and Use of Cryptocurrency of the Saxony State Police, the Dresden Prosecutor's Office and the German trading company Bankhaus Scheich.
