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Germany's Bitcoin Sell-off Contrasts with Japanese Firm's Bold BTC Investment

The German government's bitcoin sell-off continues, while Japan's Metaplanet makes a substantial bitcoin purchase amid price drops.


The German government's bitcoin sell-off continues, while Japan's Metaplanet makes a substantial bitcoin purchase amid price drops.
Credit: Foretoken Media 2024

BERLIN, Germany – In the past 24 hours, the German government moved over 3,000 Bitcoin, contributing to a significant BTC sell-off trend. This brings their total Bitcoin volume to a five-figure sum, despite Bitcoin activist Joana Cotar's calls to halt the "hasty disposal" of state-owned Bitcoin. Cotar suggests using Bitcoin as a "strategic reserve currency" to mitigate traditional system risks.


Meanwhile, Japan's Metaplanet, a public investment firm, has increased its Bitcoin holdings by purchasing 42,466 BTC for $2.5 million.


Metaplanet has increased its Bitcoin holdings by purchasing 42,466 BTC for $2.5 million.
Credit: Metaplanet

The purchase brings Metaplanet's total BTC holdings to 203,734, bought at an average price of $62,000 per BTC. The firm's continued investment contrasts sharply with the German government's sell-off strategy, highlighting differing approaches to Bitcoin in volatile markets.


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