$BNB Germany, which represents the Eurozone’s biggest economy, still holds 23,800 units of the benchmark blockchain asset. In total, the stash is worth $1.3 billion. However, authorities plan to sell the digital assets, potentially suggesting further turbulence for cryptos.

Near the beginning of 2024, the German Federal Criminal Police Office seized nearly 50,000 units of the benchmark asset from an illegal streaming service. From what’s known about the situation, the authorities will sell the assets for fiat currencies despite offers from high-level investors willing to purchase the virtual currencies to avoid broader market disruption.