{"id":404476,"date":"2025-09-07T05:29:28","date_gmt":"2025-09-07T05:29:28","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/404476\/"},"modified":"2025-09-07T05:29:28","modified_gmt":"2025-09-07T05:29:28","slug":"germany-could-make-a-5-billion-bitcoin-comeback","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/404476\/","title":{"rendered":"Germany Could Make a $5 Billion Bitcoin Comeback"},"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. <\/strong><\/p>\n

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

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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<\/a> are likely still controlled by the site\u2019s operators.<\/p>\n

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BREAKING: ARKHAM IDENTIFIES $5B BTC THAT THE GERMAN GOVERNMENT FAILED TO SEIZE<\/p>\n

German police seized 49,858 BTC from the operators of Movie2K, a film piracy website, in early 2024. The government sold it in July 2024 for $2.89B at an average price of $57,900.<\/p>\n

It appears that\u2026 pic.twitter.com\/l0w0OkdU0H<\/a><\/p>\n

\u2014 Arkham (@arkham) September 5, 2025<\/a><\/p><\/blockquote>\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. <\/a><\/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<\/a> 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

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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<\/a><\/p>\n

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

Germany\u2019s central bank President, Joachim Nagel, has\u00a0dismissed\u00a0<\/a>Bitcoin 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