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July 12, 2024Markets & financeEnforcement actionsdocumented

Saxony completes emergency sale of nearly 50,000 BTC

German authorities completed the sale of about 49,858 BTC provisionally secured in the Movie2k criminal case.

Saxony's specialized prosecutors sold the assets between June 19 and July 12, mostly over the counter, for about €2.64 billion. The proceeds remained secured for the criminal proceeding and were not immediately ordinary government revenue.