TRON

Arkham

On Thursday, the German government transferred 1,300 BTC to various crypto exchanges, according to data from Arkham.Justin Sun is preparing to buy Bitcoin from Germany through over-the-counter (OTC) transactions. His strategy includes negotiating directly with the German government to facilitate the purchase.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/be80eabfd4d7400289314e29aee636f4.png" /><h3 id="strong-justin-sun-plans-to-acquire-germany-s-bitcoin-holdings-via-otc-transactions-strong">Justin Sun Plans to Acquire Germany’s Bitcoin Holdings via OTC Transactions</h3><a href="https://cryptosheadlines.com/binance-ceo-warns-justin-sun-and-whales-about-misusing-sui-airdrop/" rel="noopener noreferrer nofollow">Justin Sun</a>, the founder of Tron, has announced his readiness to purchase Germany’s Bitcoin holdings through over-the-counter (OTC) transactions. This <a href="https://cryptosheadlines.com/hong-kong-real-estate-market-moves-towards-tokenization/" rel="noopener noreferrer nofollow">move is designed to prevent significant disruptions in the market</a>.In a recent post on X (formerly Twitter), Sun stated, “I am ready to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.” His plan aims to enable a large-scale acquisition while avoiding the typical <a href="https://cryptosheadlines.com/sec-lawsuit-ripple-effect-binanceus-staff-cuts-coinbases-market-share-dented-by-robinhood/" rel="noopener noreferrer nofollow">market ripple effects</a> associated with substantial trades.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3070ef4d14df475f9a2a147248bc1e9f.png" />Source: <a href="https://x.com/justinsuntron/status/1808828661401072092" rel="noopener noreferrer nofollow">X</a><h3 id="strong-german-government-moves-1-300-btc-to-exchanges-speculation-rises-strong">German Government Moves 1,300 BTC to Exchanges, Speculation Rises</h3><blockquote>Justin Sun’s <a href="https://x.com/justinsuntron/status/1808828661401072092" rel="noopener noreferrer nofollow">statement</a> about acquiring Germany’s Bitcoin holdings through OTC transactions follows the recent transfer of 1,300 Bitcoin by the German government. According to Arkham Intelligence, this transfer, valued at approximately $75.5 million, was made to three major crypto exchanges: Bitstamp, Coinbase, and Kraken.</blockquote>The transfer, which is the largest recent move to <a href="https://cryptosheadlines.com/ethereum-holders-increasingly-transferring-coins-to-centralized-exchanges-on-chain-data-reveals/" rel="noopener noreferrer nofollow">centralized exchanges</a>, raises questions about the government’s intentions. With the government holding around $2.3 billion worth of Bitcoin, the purpose of this transaction remains unclear, sparking speculation about possible asset liquidation or reallocation strategies.This wallet first drew attention last month when it executed a transfer of 6,500 BTC worth over $425 million. Prior to this, it held <a href="https://cryptosheadlines.com/link-apt-aave-surge-while-btc-nears-30k-weekend-update/" rel="noopener noreferrer nofollow">nearly 50,000 BTC</a>, which are believed to have been seized from the operator of the pirate movie website Movie2k.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/be80eabfd4d7400289314e29aee636f4.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3ea12b72a659495d8afd8ee25b876226.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.RX

Justin Sun Plans Bitcoin Deal with German Government to Mitigate Market Impact

Table of Contents

CryptosHeadlines.com

Other articles published on Jul 4, 2024

Top Cryptocurrencies to Invest in Now July 4 – MANTRA, TRON, Cardano

Top 3 Ethereum DeFi Platforms To Capitalize On The Solana ETFs Bullish Wave

Bitcoin Cash Hashrate Rises Unexpectedly

Grayscale Solana Trust Trading At A Mega 650% Premium: What’s Going On?

Bitcoin (BTC) Price Plunges to 2-Month Low Amid Market Turmoil

Welcome Poodlana: The Stylish New Meme Coin on Solana

Join our free newsletter for daily crypto updates!