Tron Founder Justin Sun Offers to Buy Germany\'s Entire Bitcoin Holdings

Tron founder Justin Sun has publicly offered to negotiate with the German government to purchase their entire Bitcoin holdings off-market. This proposal comes in response to Germany's recent large-scale Bitcoin sell-off.

Tron founder Justin Sun has offered to negotiate with the German government to purchase their entire Bitcoin (BTC) holdings off-market.

This proposal follows Germany’s recent large-scale BTC sell-off, which has had a significant impact on the cryptocurrency’s price.

In a tweet on July 4, Sun expressed his willingness to engage in discussions with the relevant authorities regarding this matter.

“I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market,” wrote Sun.

Sun's proposal comes amid reports that the German government has been swiftly moving large sums of Bitcoin over the last several hours.

Blockchain analytics firm Arkham highlighted these movements, indicating that 1,300 BTC (around $76 million) was transferred to exchange deposits at Kraken, Bitstamp, and Coinbase.

Moreover, 1,700 BTC ($99 million) was moved to an address labeled “139Po.”

These large fund movements have coincided with a sharp decline in Bitcoin's price. After hitting $63,000 on July 1, BTC has rapidly fallen to as low as $57,000 within the last 24 hours.

This sell-off pressure from Germany, coupled with the anticipation of the Mt. Gox Bitcoin distribution, has substantially impacted market sentiment.

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