Germany is ready to confiscate another 57,000 Bitcoins! IDR 72 Trillion Threatened to Flood the Market?

Jakarta, Pintu News – Jakarta, Pintu News – Another shocking news came from Germany that could potentially trigger a major selling pressure in the cryptocurrency market. The state government of Saxony is reportedly negotiating a court deal that could give them access to an additional 57,000 Bitcoin (BTC) from the case of illegal streaming site Movie2k. If this deal materializes, the shadow of mass liquidity that shook prices in 2024 is predicted to come back to haunt global investors and traders.

Court Deal and the Fight for Rp72 Trillion in Assets

The legal case involving the operators of the Movie2k website has entered a new phase with the judge offering the defendant leniency in exchange for the surrender of digital assets. Prosecutors believe that the main defendant still controls tens of thousands of coins from money laundering and past copyright infringement. You should take note of the details of the estimated assets in dispute in the following Rupiah conversion:

• Total estimated assets remaining: 57,000 BTC (approx. IDR 72,399,043,200,000)
• Previously seized funds: €2.64 Billion (approx. IDR 45,220,560,000,000)
• Current Bitcoin price: $74,320 (approximately Rp1,273,027,280)

Although the original copyright infringement has legally expired, German authorities are still seeking to confiscate the coins through the proceeds of crime forfeiture mechanism. Court spokesperson Katrin Seidel stated that this legal process aims to ensure that illegal wealth does not remain in the hands of perpetrators, even if certain criminal charges can no longer be pursued.

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The Shadow of Germany’s Massive Sell-Off Volume Two

For those of you who actively trade cryptocurrencies, this news brings back the trauma of the supply “overhang” that occurred when Saxony liquidated nearly 50,000 BTC in June-July 2024. The sale proved to be a significant price-moving event and depressed the market for weeks. If this 57,000 BTC does fall into the hands of the state, there is great concern that Germany will again conduct rapid liquidity through major exchanges.

The defendant’s own defense strongly criticized the prosecution’s move, calling the charges more driven by economic motivations to divide up the defendant’s Bitcoin wealth than purely law enforcement. This tension keeps the market on its toes as the status of the 57,000 BTC is now a real macro risk factor. Stay tuned, as the defendant’s final decision to accept the deal could trigger major volatility for the Bitcoin price in the near future.

Also Read: 5 Facts Enjin Coin (ENJ) Explodes 300% in April 2026! Next Target IDR1,595?

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*Disclaimer

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. Crypto trading activities are subject to 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:

• Jake Simmons/NewsBTC. Bitcoin Price Alert: German State Could Take Control of Another 57,000 BTC. Accessed April 17, 2026.