The German government owns around $2 billion in bitcoin - AllSides

Jul 8, 2024  · • For weeks, Germany's government has been selling hundreds of millions of dollars worth of bitcoin, placing selling pressure on the world's largest cryptocurrency. • In tandem …


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The German Government Owns Around $2 Billion In Bitcoin - AllSides

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Jul 8, 2024  · • For weeks, Germany's government has been selling hundreds of millions of dollars worth of bitcoin, placing selling pressure on the world's largest cryptocurrency. • In tandem …

allsides.com

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The German Government Owns Around $2 Billion In Bitcoin - MSN

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Why Germany owns $2 billion in bitcoin In January 2024, police in the eastern German state of Saxony announced the seizure of close to 50,000 bitcoins, worth around $2.2 billion at the time.

msn.com

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U.S. And German Government's Bitcoin Movements Raise Market …

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Jul 2, 2024  · Germany is one of the largest state holders of Bitcoin, with around $2.8 billion worth of the cryptocurrency seized from various operations, including from a movie piracy website.

yahoo.com

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The German Government Sold Its Bitcoin—Here's How Much It

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Nov 12, 2024  · The German government may have missed a substantial financial gain, estimated at $1.6 billion, due to the timing of its Bitcoin BTC/USD sales.. What Happened: In July, …

benzinga.com

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German Government Moves Additional $94 Million Worth Of …

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Jul 1, 2024  · The German government currently holds 44,692 bitcoin, worth about $2.81 billion, the data showed. The two countries are among the largest known state holders of bitcoin. The …

theblock.co

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Why Germany Is Selling Over $2 Billion In Bitcoin - MSN

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At the time of the repossession, in January 2024, those bitcoins were valued around $2.2 billion. When bitcoin hit its all-time high of $73,700 in March 2024, that valuation ballooned to $3.685 ...

msn.com

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Inside Germany's Bitcoin Reserves: What Is The Government Holding?

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Sep 9, 2024  · 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 …

bitquery.io

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The German Government Is Selling More Bitcoin - Bitcoin Magazine

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Jul 8, 2024  · Germany originally seized nearly 50,000 Bitcoin back in 2013 from the operators of the now-defunct piracy website Movie2K. The stash is estimated to be worth around $2.3 …

bitcoinmagazine.com

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The German Government Owns Around $2 Billion In Bitcoins

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Jul 9, 2024  · In June 2022, the BKA sold 900 bitcoins, worth around $52 million, from its massive crypto stash. This was just the beginning, as the government ramped up its bitcoin sell-off in …

2tigress.com

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The German Government Owns Around $2 Billion In Bitcoin — And …

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Jul 8, 2024  · The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors. by admin July 8, 2024 0. ... For weeks now, Germany’s government has been …

briefbriefing.com

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The German Government Owns Around $2 Billion In Bitcoin — And …

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Jul 8, 2024  · For weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense selloff. …

cryptocraft.com

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Here’s A Look Inside Germany’s Billion-Dollar Bitcoin Holdings …

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the German government has been reported to be offloading its Bitcoin holdings, thereby adding significant selling pressure on the flagship crypto. ... ($1.42 billion). Further data shows they …

bitcoinist.com

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German Government Still Holds $2 Billion In Bitcoin, Investors Fear …

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Jul 9, 2024  · The German government still holds $2 billion in Bitcoin, sparking investor fears of a massive sell-off. ... worth around $2.2 billion at the time. The Bitcoin haul was labeled as the …

biztechafrica.com

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The German Government Owns Around $2 Billion In Bitcoin — And …

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For weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense sell-off. In January …

justoglobal.com

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The German Government Owns Around $2 Billion In Bitcoin — And …

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Jul 9, 2024  · The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors. July 9, 2024: Permanent Link (CNBC) For weeks now, Germany’s …

hedgeco.net

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German Government Owns $2B In Bitcoin (BTC). This Concerns …

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Jul 9, 2024  · The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for crypto investors.

crowdfundinsider.com

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The German Government Owns Around $2 Billion In Bitcoin — And …

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Jul 8, 2024  · For weeks now, Germany's government has been selling hundreds of millions of dollars worth of bitcoin — and it's been a key factor behind the. By using this site, ... Reading: …

fundingfactories.com

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Germany Sells Off Final Bitcoin Reserves From Initial $3B Worth Of …

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Jul 15, 2024  · The German government completed the sale of its remaining Bitcoin holdings on July 12. ... valued at around $62,604 per Bitcoin, ... market pressures remain due to the …

yahoo.com

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The German Government Owns Around $2 Billion In Bitcoin — And …

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Jul 8, 2024  · Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Gox. Cfoto | Future Publishing | Getty Images For weeks …

proinvestnews.com

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Germany Sells Entire Remainder Of Its Bitcoin Holdings Worth $2.9B

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The German government has sold its entire Bitcoin holdings, totaling around $2.9 billion, over the past 24 hours. Data from Arkham Intelligence revealed this massive sell-off, which has now …

bitbo.io

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Stuttgart Stock Exchange Banking On Trump-fueled Crypto Boom …

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7 hours ago  · Around 25% of the German stock exchange's revenue now comes from cryptocurrency trading.

fortune.com

FAQs about The German government owns around $2 billion in bitcoin - AllSides Coupon?

How much bitcoin does Germany own?

Germany is one of the largest state holders of Bitcoin, with around $2.8 billion worth of the cryptocurrency seized from various operations, including from a movie piracy website. Last month, the EU nation began liquidating part of its holdings, offloading over $195 million worth of BTC within 24 hours. ...

How much bitcoin is seized in Germany?

Police in the eastern German state of Saxony seized close to 50,000 bitcoins in mid-January, worth about $2.2 billion at the time of the seizure. Even after a raft of sales in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices. ...

Why did Germany sell 50,000 bitcoin?

The majority of the 50,000 Bitcoin sold by the German government over the past three weeks originated from asset seizures. This sale marked the culmination of weeks of increased selling activity by the German government, which has offloaded tens of thousands of Bitcoin in multiple tranches. ...

How much is Germany's bitcoin worth today?

Germany originally seized nearly 50,000 Bitcoin back in 2013 from the operators of the now-defunct piracy website Movie2K. The stash is estimated to be worth around $2.3 billion at today's prices. This comes after the government shifted around $390 million in Bitcoin to various platforms since mid-June. ...

Are Germany's bitcoin sales a concern for Bitcoin investors?

Germany's bitcoin sales aren't the only concern for bitcoin investors. The cryptocurrency has also been under pressure from the payout of billions of dollars' worth of bitcoin from the — which went bankrupt in 2014 — to creditors. ...

How much bitcoin did Germany transfer to exchanges?

The German government continued shifting portions of its massive Bitcoin trove to exchanges on Monday, transferring over $56 million worth across multiple transactions. ...

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