The state confiscated almost 50,000 BTC in January and has been selling its holdings as per standard practice for assets seized during criminal investigations, an expert said.
About a week ago, a crypto wallet that belongs to the German Federal Criminal Police Office, or BKA, started moving thousands of BTC to exchanges including Kraken, Coinbase and Bitstamp, signaling an intent to sell them.
"Germany's govt officials are literal idiots," another said.
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