German MP slams government’s bitcoin sell-offs, urges holding as a strategic reserve

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The German government began sending bitcoin to crypto exchanges last month following the seizure of 50,000 BTC in January.

Member of the German Bundestag, Joana Cotar, has heavily critcized the government’s decision to “hastily” sell the bitcoin in its possession, urging it to develop a comprehensive bitcoin strategy.

Cotar also attached a letter she sent to Prime Minister Kretschmer on Thursday, in which she “urgently” requested the German government to “refrain from hastily selling the bitcoin in state possession.” “Instead of selling, I recommend developing a comprehensive bitcoin strategy,” Cotar concluded. “This could include maintaining bitcoin in the state treasury, issuing bitcoin bonds, and creating a conducive regulatory environment.”Ahead of Cotar’s remarks, the German government transferred another 3,000 BTC to various addresses on Thursday morning, according to Arkham data.Additionally, it sent 1,700 BTC to the address "139Po.

 

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