As many as 45,000 BTC Are No Longer in Circulation, Arkham Intelligence Reports!

Jakarta, Pintu News – Arkham Intelligence recently revealed that there are 45,000 Bitcoins (BTC) worth nearly $5 billion still untapped and linked to the Movie2K piracy case.

The discovery has reignited the debate over how Germany manages seized digital assets and their position on Bitcoin (BTC) reserves. The Bitcoin (BTC) is understood to have not moved since 2019, suggesting that the funds are still under the control of the piracy site operator.

Bitcoin Discovery by Arkham

Blockchain analytics firm Arkham reported that more than 45,000 Bitcoins (BTC) associated with the defunct Movie2K platform still exist in more than 100 digital wallets.

This Bitcoin (BTC) has shown no movement since 2019, indicating that the funds are still controlled by the Movie2K operator. This discovery raises questions about the ability and willingness of German authorities to seize the funds. Germany’s handling of previously seized Bitcoin (BTC) has also come under scrutiny.

In January 2024, German police seized nearly 49,858 Bitcoin (BTC) from the operators of Movie2K. The Bitcoin (BTC) was then sold in June and July 2024 at an average price of $57,900 per Bitcoin (BTC), generating approximately €2.64 billion ($2.89 billion).

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Criticism of Bitcoin Sales

Germany’s sale of Bitcoin (BTC) has been criticized by various parties. German MP and Bitcoin (BTC) supporter, Joana Cotar, through an open letter, warned against selling the Bitcoin (BTC) and argued that Germany could get a much bigger return if they retained the Movie2K asset rather than liquidating it.

This criticism highlights the potential loss of huge profits due to the sale of Bitcoin (BTC) at a price lower than its current market value. The debate also highlights how governments should manage seized Bitcoin (BTC).

Some are pushing for Bitcoin (BTC) to be held as state reserves, which could provide more value in the future. This approach could change the way governments view Bitcoin (BTC) and other cryptocurrencies.

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Potential Impact on the Bitcoin Market

This recovery of 45,000 untouched Bitcoin (BTC) could have a significant impact on the Bitcoin (BTC) market. Previous sales by Germany had created selling pressure in the market in mid-2024, although the market eventually absorbed the flow. Analysts warn that attempts to liquidate another 45,000 Bitcoin (BTC) could trigger similar volatility.

For now, the fate of these dormant wallets remains unclear. The discovery has increased focus on how governments manage seized digital assets and whether Europe’s largest economy will revise its approach as Bitcoin (BTC) gains prominence on the global stage.

Conclusion

The Movie2K case and the discovery of untouched Bitcoin (BTC) highlights the challenges and opportunities in the management of seized crypto assets. Germany’s decision in managing these assets will set an important precedent for other countries facing similar situations. How they decide to act will not only affect the Bitcoin (BTC) market, but also their position in the global crypto economy.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Arkham Uncovers $5 Billion in Untouched Bitcoin from Germany’s Movie2k Seizure. Accessed on September 9, 2025