Saxony authorities in Germany have seized over three billion euros in Bitcoins and have started selling them, impacting the #Bitcoin price. 

These Bitcoins were obtained from a deal with the main operator of the illegal streaming platform Movie2k, who was arrested and then released after transferring his Bitcoin fortune to the authorities. 

The sale of these Bitcoins is causing market fluctuations and could significantly reduce Saxony’s state debt. 

However, the sales are pressuring $BTC prices as investors anticipate more Bitcoins entering the market.
#Bitcoin