Inside Germany's Bitcoin Reserves: What is the Government Holding?

Quick Take - The German Government sold 49,858 BTC for $2.89B - an average price of $57,900 from assets seized from the Movie2K piracy case through a carefully executed sale between June 19, 2024, and July 12, 2024. - The Bitcoin was sold through multiple exchanges, including Kraken, Coinbase, Cumberland DRW, Bitstamp, and Flowtraders. - The sale was conducted in collaboration with the Saxon Central Office for the Custody and Utilisation of Virtual Currencies and Bankhaus Scheich Wertpapierspezialist AG.