Germany and Saxony begin liquidation of nearly 50,000 seized BTC
German authorities begin moving and selling Bitcoin seized in the Movie2k case, creating a major government-held supply event.
On June 19, 2024, Germany and Saxony begin liquidation of nearly 50,000 seized BTC. German authorities begin moving and selling Bitcoin seized in the Movie2k case, creating a major government-held supply event.
The coins came from the Movie2k criminal case and were sold under German emergency-sale procedures. The scale made the liquidation a visible source of supply in the Bitcoin market.
The episode also showed how government-controlled Bitcoin obtained through criminal proceedings could become a material market-supply narrative when sold at scale.