Tron founder Justin Sun has offered to buy the German government’s Bitcoin holdings worth over $2.3 billion.“I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.”Market selling the remaining holdings could have a negative impact on Bitcoin price, which is why the wallet became a hot topic among traders.
Before the first transfer, the wallet held nearly 50,000 BTC since February 2024. The funds are believed to have been seized from the pirate movie website operator Movie2k.The crypto wallet was tagged by the Arkham Intelligence platform as “German Government ” which refers to the country’s Federal Criminal Police Office .50,000 BTC in Dresden in January from the pirate movie website operator Movie2k, which is believed to be the origin of these funds.
While it’s not yet clear which authority is selling the BTC, a BKA spokeswoman confirmed that the criminal unit does not hold the seized Bitcoin.“In principle, the sale or conversion of seized Bitcoins into Euros is the responsibility of the relevant public prosecutor's office or court. The proceeds of seized assets are paid to the Land Revenue Office of the place where the competent court has its seat, in accordance with Article 60 of the Code of Criminal Procedure.