Justin Sun, the founder of Tron, has made an offer to buy the remaining $2.3 billion worth of Bitcoin seized by the German government. This proposal comes after Germany has been actively transferring large amounts of Bitcoin to exchanges, leading to significant market reactions and a notable drop in Bitcoin’s price, which currently stands at $56,892.53, down 5% from yesterday and 7% over the past week.

Sun expressed his willingness to negotiate privately with the German government to purchase the Bitcoin off-market. His cryptocurrency wallet, holding approximately $1 billion, has been identified by blockchain analytics firm Arkham Intelligence.

Arkham Intelligence also revealed that one of the wallets associated with the German BKA has already sold around $300 million in Bitcoin. These transactions included transfers of $94 million to Coinbase, $84 million to Kraken, and $91 million to Bitstamp. Additionally, $44 million was sent to Flow Traders, a market maker based in Amsterdam.

Sun’s proposal aims to minimize the impact of these large Bitcoin transfers on the market, which have caused considerable volatility recently.