Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Analysis: Recently, it's not Germany that has been selling Bitcoin, but one of its states

Analysis: Recently, it's not Germany that has been selling Bitcoin, but one of its states

Bitget2024/07/10 00:55

The sale of Bitcoins worth millions of dollars is not by the country Germany, but by a small state in Germany called Saxony. In January this year, Saxony, Germany seized nearly 50,000 Bitcoins valued at about $3 billion and sold them according to convention. The state's criminal police department is responsible for disposing these assets and has currently sold half of them causing market fluctuations and price drops. Despite criticism, experts say that this action follows the legally prescribed asset disposal process.

2
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.

According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.

智通财经2026/09/12 07:06
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.

Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus

Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.

华尔街见闻2026/09/12 04:41