Justin Sun, founder of Tron, expressed interest in purchasing the German government’s $2.3 billion Bitcoin stash. He proposed an off-market deal to minimize market impact.
The German authorities seized nearly 50,000 BTC from Movie2k.to earlier this year. They began selling some of the assets on exchanges like Coinbase and Kraken, reducing their holdings to 40,359 BTC, worth $2.3 billion.
Market experts noted that these sales contributed to a 20% decline in Bitcoin’s price over the past month. While some welcomed Sun’s offer, others questioned the feasibility, citing potential compliance issues and Sun’s legal challenges with the SEC.
