Refusal to Impact Crypto Market, Justin Sun Wants to Buy $2.3 Billion BTC German Government!


"Are you okay if the founder of TRON buys the German government's BTC, is there anyone who doesn't like it?"

Immediately after the entire cryptocurrency market suffered a significant hemorrhage, Tron founder Justin Sun is ready to negotiate with the German government to buy all Bitcoin (BTC) off-market in order to reduce selling pressure.

Through observation, the German Government labeled wallet raised suspicions of selling BTC on June 19, 2024 after carrying out the transfer of 6,500 BTC worth more than $425 million which was found to be the cause of the BTC price falling drastically.

Before the first transfer was made, the wallet had held nearly 50,000 BTC since February 2024 where the funds were believed to have been seized from a pirated movie web operator called Movie2k.

Admittedly, it is not yet clear which authority sold the BTC, but a spokesperson for Germany's Federal Criminal Police Office (BKA) confirmed that the crime unit did not hold the seized BTC.

In its latest transfer on July 4, 2024, the wallet transferred $172 million worth of BTC to several crypto wallets with some of it going to three popular centralized crypto exchanges (CEX).

It should also be noted that a total of $75 million in BTC has been transferred to crypto exchanges Coinbase, Kraken and Bitstamp which shows that the wallet has the potential to sell BTC.

Two days before July 2, 2024, a wallet tagged with the German government transferred $52 million worth of BTC with 100 BTC of it sent to Coinbase, 150 BTC to Bitstamp and 32.74 BTC to crypto exchange Kraken.