So they say, it was not Germany selling 50,000 BTC (To be accurate 49,857) confiscated from a pirated film site (as they were involved in money laundering) but it was a free state of Germany "Saxony".
This is the funniest moment in this news. It turned out that the regulator, fighting against dirty money, turned out to be dishonest.
"Quod licet Iovi, non licet bovi".There are a total of 3 free states in Germany, and according to what I learned is, each of these three states has its own government and its own president, but it's not that they are independent of Germany's government but they are bound to it as they have a parliamentary democracy.
I am sure that few people will understand the intricacies of the state structure and it will be easier for many to generalize under the name Germany.
So, should we say Germany was selling or dumping the market all this time or it was Saxony? I mean for me it's the same thing.
I agree with you.
But for news outlets seem to be very concerned about it, because people on X were saying different things about Gernmany's authorities that they have no sense, and blah blah while new outlets are making sure it was not Germany but one of its free states. BTW according to another news they have only left with 13,110 BTC.
This is because someone in their government heard that a bull trend was coming. Otherwise, these remnants would have been sold.
