{"id":402675,"date":"2025-09-06T12:53:11","date_gmt":"2025-09-06T12:53:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/402675\/"},"modified":"2025-09-06T12:53:11","modified_gmt":"2025-09-06T12:53:11","slug":"arkham-finds-5-billion-in-bitcoin-that-germany-could-still-claim","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/402675\/","title":{"rendered":"Arkham Finds $5 Billion In Bitcoin That Germany Could Still Claim"},"content":{"rendered":"

Germany\u2019s liquidation of nearly 50,000 Bitcoin seized from the Movie2K piracy site in 2024 has drawn renewed attention after blockchain analysts identified another massive trove linked to the case.<\/p>\n

On September 5, blockchain analytics firm Arkham Intelligence reported that approximately 45,000 BTC tied to Movie2K remains untouched.<\/p>\n

What Can Germany do With the New Bitcoin Stash?<\/p>\n

The new coins, valued at nearly $5 billion, are distributed across more than 100 wallets and have shown no activity since 2019.<\/p>\n

Arkham suggested that the dormant funds are likely still controlled by the site\u2019s operators.<\/p>\n

The German authorities have not commented on whether they are aware of or pursuing these new funds.<\/p>\n

Considering this, news of the unaccounted cluster has reignited debate over how governments should manage digital assets once confiscated.<\/p>\n

Crypto advocates argued that German authorities missed out on significant profits by hastily selling the 49,858 BTC they had seized. <\/p>\n

The liquidation, carried out at an average price of $57,900, generated \u20ac2.64 billion ($2.89 billion). That same haul would be worth more than $5 billion at current market levels.<\/p>\n

As a result, they argued that Germany should reconsider its approach and explore treating seized Bitcoin as part of a sovereign reserve. According to them, these recovered coins could provide long-term value instead of one-off cash injections.<\/p>\n

If the government pursues this strategy, it would rank among the largest state Bitcoin holders globally. According to Bitcoin Treasuries data, Germany would place fifth, just behind Ukraine.<\/p>\n

\"TopTop 5 Bitcoin-Holding Governments Globally. Source: Bitcoin Treasuries<\/p>\n

However, the chances of the German government embracing a Bitcoin reserve appear slim despite its recent pro-crypto moves.<\/p>\n

Germany\u2019s central bank President, Joachim Nagel, has\u00a0dismissed\u00a0Bitcoin as unsuitable for sovereign reserves. He described the asset as\u00a0volatile, illiquid, and lacking the transparency expected of state-level assets.<\/p>\n

Moreover, Nagel compared the flagship cryptocurrency to the Dutch Tulip Mania, warning that adopting Bitcoin could expose public finances to bubble-like risks.<\/p>\n

Disclaimer: For information purposes only. Past performance is not indicative of future results.<\/p>\n","protected":false},"excerpt":{"rendered":"Germany\u2019s liquidation of nearly 50,000 Bitcoin seized from the Movie2K piracy site in 2024 has drawn renewed attention…\n","protected":false},"author":2,"featured_media":402676,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[2000,299,1824],"class_list":{"0":"post-402675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-eu","9":"tag-europe","10":"tag-germany"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115157454317083942","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/402675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=402675"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/402675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/402676"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=402675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=402675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=402675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}