News Explorer — Germany Completes Bitcoin Sale With Nearly $2.9 Billion Haul

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Jul 17, 1:17 pm

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Germany Completes Bitcoin Sale With Nearly $2.9 Billion Haul

German law enforcement has completed the "emergency sale" of nearly 50,000 Bitcoin, netting them $2.88 billion (€2.639 billion) in the process. The Bitcoin was seized in January as part of an investigation into piracy websites and money laundering. The sale was carried out quickly and the proceeds will be held in custody until the criminal proceedings conclude.

German law enforcement has completed the "emergency sale" of nearly 50,000 Bitcoin, netting them $2.88 billion (€2.639 billion) in the process. The Bitcoin was seized in January as part of an investigation into piracy websites and money laundering. The sale was carried out quickly and the proceeds will be held in custody until the criminal proceedings conclude.

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