The German government has put up an impressive number of BTCs on sale as they were acquired during a crackdown on an unlawful streaming page.
According to Arkham, the German government moved over 185 million dollars in Bitcoin to six prominent cryptocurrency exchanges in total, including Coinbase, Kraken, and Bitstamp, within the past 48 hours.
Yet, German patients contribute a large number of Bitcoins to crypto exchanges while still retaining more than 47,179 Bitcoins worth $3. 06 billion.
Germany is disposing of the Bitcoins that were confiscated by authorities in the course of investigating the Movie2k case. These, claimed to provide over 880,000 pirated movies in the course of two years from 2008 to May 2013.
The Dresden Public Prosecutor’s Office stated that the site owners laundered the money from the unlawful activities to buy Bitcoin.
The cash and Bitcoins confiscated in connection with the investigation constitute the largest Bitcoin seizure in Germany thus far, With an initial dollar value of $2. 17 billion, and now of a value of $3. 25 billion.
