{"id":430862,"date":"2024-07-04T16:05:32","date_gmt":"2024-07-04T15:05:32","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=430862"},"modified":"2025-06-09T00:07:07","modified_gmt":"2025-06-08T23:07:07","slug":"justin-sun-eyes-2-3-billion-german-bitcoin-stash-despite-community-skepticism","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/justin-sun-eyes-2-3-billion-german-bitcoin-stash-despite-community-skepticism\/","title":{"rendered":"Justin Sun eyes $2.3 billion German Bitcoin stash despite community skepticism"},"content":{"rendered":"

Justin Sun<\/a> claims to be interested in buying the German government's extensive Bitcoin<\/a> stash, estimated to be valued at $2.3 billion.<\/p>\n

In a July 4 statement on X, the Tron founder said<\/a>:<\/p>\n

“I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.”<\/p><\/blockquote>\n

The German authorities acquired the BTC holdings earlier in the year when they seized <\/a>nearly 50,000 BTC from the piracy site Movie2k.to.<\/p>\n

Last month, the government began divesting some of these assets<\/a> via centralized exchanges like Coinbase, Bitstamp, and Kraken. As of press time, it had sold the Bitcoin to a balance of 40,359 BTC, worth $2.3 billion, according to the Arkham Intelligence dashboard<\/a>.<\/p>\n

Market experts pointed out that these activities had further exacerbated the current selling pressure on the flagship digital asset, which has declined by around 20% during the past 30 days to a two-month low of $57,089.<\/p>\n

Community reacts<\/h2>\n

While several community members welcomed Sun's intention, some pointed out<\/a> that the tweet follows his pattern of “inserting himself in the story.”<\/p>\n

Meanwhile, Mikko Ohtamaa, the CEO of Trading Strategy, opined that while Sun has the personal funds to pull off the deal, any European government would be unwilling to sell to a non-compliant buyer to prevent the assets from returning to criminals. He wrote<\/a>:<\/p>\n

“Mr Sun has $7 billion in his personal assets, so he could actually pull this off. However any EU government is unwilling to sell to non-compliant buyer (BTC would return to the hands of criminals).”<\/p><\/blockquote>\n

Similarly, Simon Dixon<\/a>, the CEO of BnkToTheFuture, questioned<\/a> if Sun could pass the due diligence involved in the transaction process.<\/p>\n

Over the past year, Sun has faced considerable legal challenges<\/a>, with the US Securities and Exchange Commission (SEC) alleging<\/a> that he and his companies violated local securities law.<\/p>\n","protected":false},"excerpt":{"rendered":"

Justin Sun claims to be interested in buying the German government’s extensive Bitcoin stash, estimated to be valued at $2.3 billion. In a July 4 statement on X, the Tron founder said: “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.” […]<\/p>\n","protected":false},"author":720,"featured_media":430877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80281,1],"tags":[76769],"post_folder":[],"acf":[],"yoast_head":"\nJustin Sun eyes $2.3 billion German Bitcoin stash despite community skepticism<\/title>\n<meta name=\"description\" content=\"Tron founder Justin Sun offers to buy $2.3 billion Bitcoin from the German government.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/justin-sun-eyes-2-3-billion-german-bitcoin-stash-despite-community-skepticism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun eyes $2.3 billion German Bitcoin stash despite community skepticism\" \/>\n<meta property=\"og:description\" content=\"Tron founder Justin Sun offers to buy $2.3 billion Bitcoin from the German government.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/justin-sun-eyes-2-3-billion-german-bitcoin-stash-despite-community-skepticism\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-04T15:05:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-08T23:07:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/07\/justin-sun-germany.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/justin-sun-eyes-2-3-billion-german-bitcoin-stash-despite-community-skepticism\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/justin-sun-eyes-2-3-billion-german-bitcoin-stash-despite-community-skepticism\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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