Michael Saylor, CEO of MicroStrategy and Bitcoin’s biggest cheerleader, recently tweeted something that felt like it came from a cryptic fortune cookie that translates in english to: "Everyone gets Bitcoin at the price he deserves."

If you’ve been keeping up with the Bitcoin saga, it’s hard to miss the not-so-subtle jab aimed at the German government.

Germany, it seems, has been handling Bitcoin like a kid with a shiny new toy. Earlier this year, they swooped in and seized a whopping 50,000 Bitcoins (roughly $2.2 billion) from digital pirates running an illegal operation. 

Saylor, whose company (MicroStrategy) has splurged $2.7 billion on Bitcoin, and recently advised everyone to ditch the S&P 500 and go all-in on crypto, is not alone in his concern. 

Crypto Twitter is in absolute shambles over the idea that a government has such control over a currency designed to democratize finance. The irony is thicker than a bowl of oatmeal.

Joana Cotar, an independent Bundestag member, has been quite vocal about her disapproval of the government's haste. She suggests holding onto Bitcoin as a strategic reserve. Considering Germany’s economy is so poorly run, Caroline Ellison in charge of the finances might be a step up. Keeping a few billion in Bitcoin might not be the worst idea right?

Germany’s Bitcoin Sell-Off: $220.7M Gone, $1.3B Still Standing

As of the latest tally, on-chain data collected at noon EDT on July 9 indicates that the German government has offloaded 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Despite this significant liquidation, Bitcoin seems to be holding its ground.

The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits over the past 19.5 hours. With 3,840 BTC exiting the wallet, the total value of Germany’s Bitcoin reserve stands at a cool $1.3 billion.

Here’s where it gets interesting. Arkham Intelligence reported on X (formerly Twitter) that these wallets have been busy interacting with Kraken, Cumberland, and an unidentified wallet that might belong to an over-the-counter (OTC) provider or market maker. They noted that these wallets received about 5,366 BTC from Kraken, Coinbase, and Bitstamp. Talk about a busy day for the blockchain!

(Source: NewsBTC)

Now, the rumor mill is buzzing with talk that the German government is setting reserve prices for these Bitcoin batches. If the reserve isn’t met, the BTC heads back home. Vaneck executive Gabor Gurbacs chimed in on X, praising Bitcoin’s resilience through this financial juggling act.

“German Government liquidated close to $1 billion in Bitcoin (17,000 BTC) in a single day. Price barely moves 2%. This is what a mature market looks like. Few understand,” Gurbacs remarked.

Maybe Saylor is right after all…

With BTC being up 2% today and flirting with the $58,000 range once again.

It seems even a government can’t budge Bitcoin completely on its own.

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