How much Bitcoin has the German government sold to date

Jul 6, 2024
How much Bitcoin has the German government sold to dateHow much Bitcoin has the German government sold to date

Bitcoin (BTC) recently plummeted to a four-month low, dropping more than 73% from its peak of $73,135 on the 25th, triggering a significant downturn in the crypto market.
At the time of writing, BTC is trading at $55,291, down 3.06% in the past 24 hours, continuing the weekly decline of 10.11%.
Since reaching an all-time high of $1.4 trillion on the 13th,
Bitcoin
has shrunk by $35 billion.
The massive sell-off and ongoing process have exacerbated this downward trend.
Recovery
from the bankrupt Mt. Gox has allocated nearly $900 million in BTC to creditors.
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Here’s how much Bitcoin the German government has sold so far
Meanwhile, the German government has also started a series of
sales
of
Bitcoin, liquidating most of its assets acquired in 2013 from the seizure of Movie2K website operators. The latest transaction volume was 6,625 BTC, generating a profit of $3.97 billion within ten days.
As pointed out by developer Samson Mow, while it initially caused market concerns, the story about German cryptocurrency sales may not accurately reflect market impact, given his incomplete assessment of the situation.