News View Non-AMP

Arkham Identifies $5B in BTC Not Seized by the German Government from Movie2k

Published by
Steve Muchoki

The German government could soon have a new chance to re-enter the Bitcoin (BTC) market. After selling its BTC holdings in mid-2024, Arkham Intelligence has announced that it has uncovered over 45k BTCs valued at about $5 billion, which the German government failed to seize from Movie2K, a defunct film piracy website.

Arkham reported that the Movie2k operators voluntarily failed to transfer 45k BTCs to the German government. Moreover, the German government did not identify the extra wallets, which have remained inactive since 2019.

“We found another cluster of Bitcoin connected to earlier Movie2K movements and addresses that totals approximately 45,000 BTC (currently worth $4.99B). This is most likely still under the control of the Movie2K operators. It has not moved since 2019, and is split across over 100 Bitcoin wallets,” Arkham noted.

Will the German Government HODL or Sell if It Seizes?

The Bitcoin market experienced bearish sentiment during the period between June and July 2024 partially due to the sales by the German government. Notably, the German government sold 50k BTCs last year for about $2.8 billion, which has since doubled in value to date. 

If the German government proceeds to seize identified BTCs from Movie2K and decides to offload, a bearish sentiment will be recorded. However, if the German government decides to hold its seized assets, the Bitcoin market will gain bullish momentum fueled by the positive outlook.

Worth noting that the Free Democratic Party (FDP) proposed creating a Strategic Bitcoin Reserve but the idea remains speculative and is not regulated.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

SOL Strategies Debuts in U.S. Market Via Planned Nasdaq Listing on September 9

SOL Strategies, a Canadian-based publicly traded company that is focused on accumulating Solana coins, has…

September 6, 2025

SEC Chair Paul Atkins Unveils Cross-Border Task Force to Combat Fraud

The chairman of the United States Securities and Exchange Commission (SEC) Paul Atkins, announced the…

September 6, 2025

Dogecoin And Shiba Inu Show Tired Price Action, While Layer Brett Gains Strong Community Support

Is the old guard of meme coins finally showing its age? As Bitcoin hovers, the…

September 5, 2025

Justin Sun To Purchase $10M In WLFI After a Controversial Wallet Freeze

Justin Sun, founder of Tron (TRX), has backed down in the feud against World Liberty…

September 5, 2025

XRP Price Prediction Targets $5 But Analysts Expect Remittix To Outperform With Explosive 30x Gains In Q4

The latest XRP Price Prediction foresees a potential trip to $5 as fresh hope for…

September 5, 2025

Solana And Cardano Trade Flat While Analysts Claim Layer Brett Could Trigger Explosive 30x Growth

While Solana and Cardano navigate a rather flat market, something new is igniting the crypto…

September 5, 2025