According to Odaily, German law enforcement has concluded an 'emergency sale' of nearly 50,000 bitcoins, generating $2.88 billion (2.639 billion euros) in revenue. The value of these bitcoins was approximately $2.1 billion when initially seized by authorities. The proceeds from the sale will be held until the conclusion of the related criminal proceedings and do not currently represent any additional income for the Free State of Saxony.

The sale, which involved a total of 49,858 bitcoins, took place between June 19 and July 12. This operation was a coordinated effort by the Central Office for the Protection, Custody, and Use of Cryptocurrencies of the Saxony State Police, the Dresden Public Prosecutor's Office, and the German trading company Bankhaus Scheich.