The German government continues to sell Bitcoin, having sold 10,000 BTC in a month.
Tron founder Justin Sun offered to buy all of Germany's Bitcoin to ease selling pressure on markets. They currently hold 40,000 BTC, approximately $2.3 billion.
Will Tron's founder save the market?
Where does the German Bitcoin holding come from? Is this officially known information? Any reference?
It's all official. Gov stole it.
“Before the first transfer, the wallet has held nearly 50,000 BTC since February 2024. The funds are believed to have been seized from the pirate movie website operator Movie2k.”
Thanks! Wow, a pirate movie website accumulated 50k Bitcoins, what a business?! 🤣 Anyways, I am a bit suspicious about this story?
It probably acquired them many years ago when the price was much lower.
https://m.stacker.news/38276
Justin is the marketing king, that's for sure :D
No. He is a charlatan. The market will eat up all the coins they sell. Price will go down to absorb them but probably rebound shortly after as another piece of FUD is conquered.
It's uncertain if Tron's founder can stabilize the market by buying Germany's Bitcoin, but such a large purchase could certainly ease some selling pressure and potentially impact market dynamics.