{"id":96875,"date":"2024-10-18T11:19:05","date_gmt":"2024-10-18T15:19:05","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96875"},"modified":"2024-10-18T11:20:05","modified_gmt":"2024-10-18T15:20:05","slug":"germany-to-adopt-bitcoin-strategy","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/germany-to-adopt-bitcoin-strategy\/","title":{"rendered":"Germany To Adopt Bitcoin Strategy After Recent BTC Sale?"},"content":{"rendered":"\n

Bitcoin Bull Samson Mow implied that Germany is considering a Bitcoin strategy<\/a>, barely months after selling its BTC holdings.<\/p>\n\n\n\n

\"Germany<\/figure>\n\n\n\n

Bitcoin advocate Samson Mow has hinted that Germany is considering purchasing Bitcoin as part of its reserve assets, just months after the country sold $2.87 billion worth of BTC. <\/p>\n\n\n\n

If confirmed, Germany would join El Salvador<\/a> and Bhutan, which already have Bitcoin strategies in place.<\/p>\n\n\n\n

Germany\u2019s Plan to Buy Bitcoin for Reserves<\/h2>\n\n\n\n

In an X post, Samson Mow suggested that Germany is looking to acquire BTC for its future reserves. <\/p>\n\n\n\n

He wished the country success in purchasing 281,267 BTC, valued at $19 billion, for its strategic reserves. <\/p>\n\n\n\n

Mow had spoken about Bitcoin strategies for nation-states during a visit to the German Bundestag.<\/p>\n\n\n\n

This development comes only months after Germany sold its previous Bitcoin holdings. <\/p>\n\n\n\n

Between June and July of this year, the country sold off 50,000 BTC seized from the movie piracy website movie2k, an event that significantly impacted Bitcoin\u2019s price, causing it to dip below $55,000 at the time.<\/p>\n\n\n\n

If Germany adopts this strategy, it will follow in the footsteps of El Salvador and Bhutan. <\/p>\n\n\n\n

Data from Arkham Intelligence\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> shows that El Salvador currently holds 5,907 BTC ($402 million), while Bhutan possesses 13,166 BTC ($844 million). <\/p>\n\n\n\n

The U.S. government remains the largest holder of Bitcoin, with 203,239 BTC, much of it from Silk Road-related seizures.<\/p>\n\n\n\n

Former U.S. President Donald Trump has also proposed creating a Bitcoin strategic reserve if re-elected. <\/p>\n\n\n\n

Additionally, U.S. Congressman Ro Khanna suggested converting seized Bitcoin into a strategic reserve rather than selling it.<\/p>\n\n\n\n

Bitcoin Adoption in Germany<\/h2>\n\n\n\n

Alongside plans to purchase Bitcoin for reserves, there is already a growing push for Bitcoin adoption in Germany. <\/p>\n\n\n\n

Last month, the German Bundestag established the Bitcoin Federal Association (BTCBV), which, according to Bundestag member and Bitcoin advocate Joana Cotar, aims to promote Bitcoin education and adoption across the country.<\/p>\n\n\n\n

Institutions in Germany are also adopting Bitcoin. Samara AG recently announced plans to invest \u20ac30 million in BTC, following a strategy similar to MicroStrategy's. <\/p>\n\n\n\n

Meanwhile, Commerzbank has partnered with Deutsche B\u00f6rse's Crypto Finance to offer Bitcoin and Ethereum trading services to its customers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Bull Samson Mow implied that Germany is considering a Bitcoin strategy, barely months after selling its BTC holdings. Bitcoin advocate Samson Mow has hinted that Germany is considering purchasing Bitcoin as part of its reserve assets, just months after the country sold $2.87 billion worth of BTC. If confirmed, Germany would join El Salvador […]<\/p>\n","protected":false},"author":56,"featured_media":96878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,149,711],"class_list":["post-96875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-germany"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/Germany-To-Adopt-Bitcoin-Strategy-After-Recent-BTC-Sale.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96875"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96878"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}