German government refuses to hodl.

German law enforcement seized over 50,000 bitcoin (worth over $2 billion at the time) while busting a movie piracy site earlier this year. Now the government is liquidating so much crypto at such a fast pace that the price of bitcoin is dropping in response. It’s not helping that Germany’s sell-off coincides with repayments to creditors (in crypto) by the Mt. Gox bankruptcy estate.