Post
Topic
Board Bitcoin Discussion
Re: Mt. Gox Repayment amidst Bitcoin Decline
by
darkangel11
on 10/07/2024, 20:05:34 UTC
Additionally, Germany have also sold a huge chunk of their seized bitcoin in an operation against a piracy site last active almost over a decade ago. The exact reason why is unclear however many suspects that Germany is trying to liquidate the Bitcoins they hold to stabilize their economy. Despite a huge sell out, Germany still holds almost 30,000 bitcoins.

That's a pretty dumb claim since this is a drop in a bucket for them. 30k bitcoin is just roughly 1.5 billion Euro.
And we know that:
Quote
General government debt in Germany increased by €62 billion in 2023
Just last year their debt rose by 40 times more than their profit from selling bitcoin is going to be. If you think it's going to help them in any way, think twice.
What it could do is cover the cost of aid for Ukraine, so maybe that's what this is supposed to achieve. AFAIK earlier this year they promised to send 12 billion.