The German government may have sold up to $496 million worth of Bitcoin in the past 16 hours and currently holds $894 million worth of Bitcoin. These Bitcoins were seized from a pirated movie website.

CHAIN

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<p>According to Spot On Chain monitoring, in the past 16 hours, the German government address may have sold up to $496 million worth of BTC, including:</p>
<p>- Transferred 10,853 BTC (approximately $637 million), with an average price of around $58,659;</p>
<p>- Received 2,442 BTC (approximately $141 million), with an average price of around $57,560.</p>
<p>Currently, the address holds only 15,552 BTC (approximately $894 million), accounting for about 31% of the original quantity seized from the pirated movie website Movie2k in January.</p>
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