Justin Sun Offers to Buy Germany’s $2.3B Bitcoin Stash to Prevent Market Disruption

Jul 4, 2024, 12:28 PM

Justin Sun, founder of Tron, has announced his willingness to negotiate with the German government to purchase all of its Bitcoin holdings off-market. This move aims to minimize the impact on the market amid reports that the German government has been selling its Bitcoin holdings, which are valued at approximately $2.3 billion. The Bitcoin in question was originally confiscated from criminal operations. Sun's proposal is intended to prevent market disruption caused by a large-scale sell-off.