50K Bitcoin Buyback Offer From Samson Mow To German Member Of Parliament

Bitcoin maximalist Samson Mow proposed a 50,000 BTC buyback to German MP Joana Cotar after the government wallet ran out of BTC.

Samson Mow, a leading Bitcoin (BTC) advocate and maximalist, has proposed a bold buyback strategy aimed at restoring 50,000 Bitcoins to Germany’s national reserves. This offer comes in relation to the recent sale of the same amount of Bitcoin, which resulted in zero BTC now remaining in the government wallet.

Samson Mow Expands Bitcoin Buyback Offer

The German government has successfully disposed of a Bitcoin reserve seized from the now-defunct Movie2k website. Joana Cotar, an independent member of the German Bundestag, took to the social media platform X to express this situation. “0,” Cotar wrote, noting the zero balance of Bitcoin the government currently owns. “Congratulations, you must be this stupid first,” she continued.

This statement highlights his dissatisfaction with the government’s handling of cryptocurrency assets. Additionally, Samson Mow’s proposal coincides with growing criticism and calls for a more strategic approach to crypto management. In a post on X, Mow argued that the German government had no choice but to dispose of the confiscated BTC. Therefore, she suggested that a solid plan should be created to regain at least 50,000 BTC.

“The German government had no choice but to dispose of the 50,000 BTC confiscated from Movie2k. However, we must create a concrete nation-state #Bitcoin adoption strategy to restore at least 50,000 BTC to Germany this October,” Mow said. he wrote. He also tagged both Joana Cotar and Bitcoin im Bundestag, an organization dedicated to the advancement of Bitcoin education in politics.

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The debate was further fueled by a user’s query about legal obligations regarding the sale of seized BTC. Mow explained that in many jurisdictions, including Germany, governments are required to liquidate seized assets. This point explains the possible reason for the recent sell-off.

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