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
Bitcoin Corrections Become Shorter and More Aggressive
Recent market cycles show that Bitcoin corrections are now shorter but more intense due to increased leverage and institutional participation.
CryptoAppsy Launches to Transform the Cryptocurrency Trading Experience.
CryptoAppsy is a new application designed to assist investors in navigating the volatile cryptocurrency markets with real-time data and portfolio management tools.
Santiment Reveals Top Altcoins in AI and Big Data Projects
Santiment reveals the top altcoins in AI and big data projects based on developer activity over the past 30 days.
CryptoAppsy Transforms Cryptocurrency Trading.
CryptoAppsy is a new application for cryptocurrency trading that offers real-time data and portfolio management features.
Bitcoin Exchange Netflows Indicate Measured Risk
Recent data shows that Bitcoin's exchange netflows indicate persistent outflows, suggesting that more BTC is leaving exchanges than entering.
HYPE Coin Faces Challenges Amid Token Unlocks
HYPE Coin is preparing for significant token unlocks that could impact its valuation and market dynamics.
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