Over 90% of Bitcoin sales in Saxony, Germany, are conducted through OTC
According to ChainCatcher news, the Saxony State Prosecutor's Office announced on the official website of Saxony that it sold nearly 50,000 bitcoins over a period of about three and a half weeks, with each sale being less than 1% of the market trading volume. More than 90% of the transactions were conducted through over-the-counter (OTC) markets to minimize the impact on bitcoin prices. This sale raised a total of 2.63968 billion euros, and the funds will be temporarily held in the "movie2k" case criminal proceedings at the Leipzig District Court until the final ruling of the case.Previous news reported that German law enforcement agencies sold nearly 50,000 bitcoins, netting about 2.88 billion dollars.