The Dresden Public Prosecutor’s Office has confirmed the emergency sale of 49,858 Bitcoin between June 19 and July 12, 2024, in connection with the Movie2k investigation.
The German government has confirmed a multi-billion emergency sale of Bitcoin (BTC) that began in June.
An official statement from the state of Sachsen acknowledged on July 17 the sale of approximately 49,858 Bitcoin between June 19 and July 12, 2024, in cooperation with the Federal Criminal Police Office.
Proceeds from the sale amounted to 2.6 billion euros (~$2.8 billion) and have been temporarily held by the Leipzig Regional Court as part of the ongoing criminal proceedings in the “Movie2k case,” notes the statement. The funds are not yet considered a final state asset and must wait until a court decides whether it can be permanently confiscated.
