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Will the €2.6 billion from the Bitcoin sale be legally resolved by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Dresden Prosecutor's office or relevant German authorities
Story
German Authorities' Sale of 50,000 Bitcoin Nets Record $2.88 Billion, €2.6 Billion Frozen
Jul 17, 2024, 01:34 PM
German authorities have concluded an emergency sale of nearly 50,000 Bitcoin, generating a record-breaking $2.88 billion. The sale, executed between July 8th and 9th, was conducted irrespective of Bitcoin price and market conditions, according to officials. The funds, amounting to €2.6 billion, are currently frozen pending legal action. The sale caused significant market turbulence, with 3,840 Bitcoin worth $220.7 million being offloaded within a short period. The Dresden Prosecutor's office described the proceeds as 'unprecedented.'
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Approved • 33%
Rejected • 33%
Pending • 34%
Sell to Justin Sun • 25%
Sell on open market • 25%
Hold the Bitcoin • 25%
Other • 25%
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Less than 10,000 BTC • 25%
10,000 to 20,000 BTC • 25%
20,000 to 30,000 BTC • 25%
More than 30,000 BTC • 25%
Settled with reduced amount • 25%
Settled with full amount • 25%
Successfully challenged and dismissed • 25%
Ongoing litigation • 25%
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Returned to Sterlingov • 25%
Retained by government • 25%
Other resolution • 25%