Germany may have access to ~45,000 BTC linked to the Movie2K piracy case, worth roughly $5 billion. If seized and sold, this stock could create significant market pressure; if retained or strategically reserved, it could avoid destabilizing Bitcoin prices.
45,000 BTC identified across 100+ wallets tied to Movie2K operators
Germany previously sold ~49,858 BTC in 2024 and realized around $2.9B at sub-$60K prices
Arkham analytics reports the new holdings; a repeat sale could create a substantial supply overhang
Meta description: Germany Bitcoin seizure: 45,000 BTC worth ~$5B linked to Movie2K identified; will authorities sell or hold? Read analysis and key takeaways.
What is the latest on Germany’s Movie2K Bitcoin holdings?
Germany Bitcoin seizure reports show blockchain analytics firm Arkham flagged about 45,000 BTC across more than 100 wallets connected to Movie2K operators. If authorities seize these funds and sell them immediately, they could reintroduce roughly $5 billion of supply into markets, risking renewed downward pressure on BTC prices.
How did Germany’s prior sell-off affect Bitcoin markets?
In mid-2024 German authorities disposed of 49,858 BTC from the Movie2K seizure when BTC traded below $60K. That sell-off coincided with a roughly 25% market drop and five months of consolidation. Had the state held those coins, the realized proceeds could have been materially higher when BTC later rallied above $120K.
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Arkham’s on-chain analysis traced funds to clusters of addresses exhibiting coordinated behavior consistent with a single operator set. These addresses have not been flagged as custodial transfers to known government wallets, indicating the assets are likely still accessible to Movie2K-linked actors rather than already in state control.
That distinction matters: assets already in government custody would be subject to official disposition policies. Assets still controlled by private actors present the possibility of seizure, but also the potential for mixing, movement, or liquidation by the operators themselves.
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