The German government has confirmed a multi-billion dollar emergency sale of Bitcoin (BTC) that began in June.

- Official statement from Saxony: About 49,858 BTC were sold from June 19 to July 12, 2024.

- Revenues: 2.6 billion euros (~2.8 billion dollars), temporarily withheld by the Leipzig Regional Court.

- Reason: risk of loss of value of more than 10% until the completion of the criminal case "Movie2k".

- The price of BTC fell by 9.8% in June and continued to fall in July. 📉