Germany’s bitcoin (BTC) sales have recently impacted the crypto market, with the country still holding 39,826 BTC worth $2.2 billion, according to Arkham Intelligence. Since mid-June, the government has liquidated over 10,000 BTC, contributing to a nearly 20% decline in BTC’s spot price to $55,490 in four weeks. Tron founder Justin Sun has offered to purchase BTC from the German government off-market to mitigate the negative impact on the spot price. Critics argue that Germany’s strategy of selling BTC for fiat currency is a geopolitical mistake, given the unique value and limited supply of bitcoin.
