Crypto Daily – Justin Sun has offered to purchase the German government’s $2.3 billion holdings off-market to prevent potential negative impacts on the cryptocurrency‘s price.
Sun’s Proposal
Tron founder Justin Sun is again playing savior with his offer to purchase the German government’s Bitcoin holdings, valued at over $2.3 billion. Sun made this announcement via a tweet on July 4, expressing his interest in buying Bitcoin (BTC) off-market to avoid significantly impacting the cryptocurrency‘s price.
In his tweet to his 3.5 million followers, Sun stated,
“I am ready to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.”
This is not the first time Sun has intervened in a potential crisis; he previously offered to stabilize the market during the FTX crisis.
Background of German Government’s BTC Holdings
The German government-labeled wallet first drew attention on…
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