Reports indicate that Germany liquidated 49,858 BTC between June 19 and July 12, 2024, valued at approximately $2.89 billion, with an average price of $57,900 per coin. These bitcoins came from the operators of the large pirate website movie2k and were sold under German legal requirements to quickly liquidate seized assets. Currently, Bitcoin is trading less than $3,000 above Germany's average exit price, narrowing the multi-billion dollar gap that had previously widened when BTC approached $125k later in 2024. This has reignited discussions about whether governments should hold seized Bitcoin as strategic reserves instead of selling them.