The German Government lost its “#Bitcoin billionaire” status today.

In the past hour, they have sent another 2000 BTC ($117.3M) to Coinbase, Kraken and 139Po.

They now have 13,360 $BTC ($784.96M) remaining - that’s 26.8% of the Bitcoin originally seized from #Movie2k .

BREAKING: The German Federal Criminal Police (Saxony) is running out of #Bitcoin 🚨

9.094 $BTC LEFT!

Let's add more context:

According to Coindesk, First, it's not Germany itself that is selling #BTC - It is a small state in the eastern part of the country called Saxony.

Second, though crypto fans have roasted the decision to dump so much of their beloved bitcoin, Saxony doesn't have a choice.

Earlier this year, the state's Criminal Police Office (known by its German acronym LKA) seized 49,857 bitcoin (worth almost $3 billion at current prices) from the operator of #Movie2k , a website Saxony found guilty of money laundering and other illegal activities.

About a week ago, a crypto wallet that belongs to the German Federal Criminal Police Office, or BKA, started moving thousands of BTC to exchanges including Kraken, Coinbase and Bitstamp, signaling an intent to sell them.

PS: Maybe they just hodling as colateral !
WHAT DO YOU THINK ?ñ?
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