Confused about who's selling Bitcoin: Germany or Saxony? You're not alone. Recent headlines have sparked debate: Is the German government responsible for the significant Bitcoin sell-off, or is it a smaller entity?

For weeks, Germany's government has been selling hundreds of millions of dollars worth of bitcoin, placing selling pressure on the world's largest cryptocurrency. In A recent discovery raised questions about why the government was offloading so many of its assets. Recent reports claim that the German government was not directly involved in all the sales. So, who is behind this market movement?

The truth is nuanced. It's not the country of Germany that's been selling millions of dollars worth of bitcoin, but a small German state called Saxony. The state confiscated almost 50,000 BTC in a criminal investigation and is now, reportedly, liquidating those assets. This action by Saxony is what's contributing to the selling pressure, not a national decision by the German government to divest from cryptocurrency.

While the German government may also hold Bitcoin, the current market activity seems primarily driven by Saxony's need to liquidate its seized assets. Keep following us for updates as this story develops!