In a significant move on July 4, Justin Sun, the founder of Tron, offered to acquire the German government's substantial Bitcoin holdings valued at over $2.3 billion. Sun proposed to negotiate off-market to minimize market impact in a bid to prevent negative fluctuations in Bitcoin's value. The German government's Bitcoin stash originated from a seizure related to the pirate movie website Movie2k, with control over nearly 50,000 BTC since February 2024.
Proposal to Purchase German Government's Bitcoin Holdings
by Giorgi Kostiuk
a year ago
0
Other news
Shiba Inu and Remittix: Prospects and Analysis
Overview of Shiba Inu prices and the new opportunities offered by the Remittix project in the cryptocurrency world.
Bybit Introduces Ambassador Program with New Branding #IMakeIt
The cryptocurrency exchange Bybit has announced the launch of the Merch Ambassador program to spotlight 200 ambassadors with its new brand.
Pump.fun's $600M ICO: Kolscan Acquisition and Market Impact
Pump.fun is targeting a $600M ICO, strengthening its position in the memecoin sector through the acquisition of Kolscan.
The Investment Potential of Solana: Is it Worth Investing in 2025?
Exploring the latest trends and risks of investing in Solana in 2025, including ETF news, financial sustainability, and market movements.
Blockchain Africa Conference 2025 and Crypto Fest 2025: Key Events in South Africa's Crypto Industry
The Blockchain Africa Conference and Crypto Fest in South Africa gather industry leaders to discuss the future of blockchain and cryptocurrencies.
Opportunities for Earning from a Lightning Network Node
Learn about ways to profit from running a Lightning Network node and associated risks.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter