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BREAKING ALERT ALERT💥💥

The German government has successfully sold 50,000 bitcoins it holds and made a profit of $2.2 billion. According to the BitcoinTreasuries website maintained by Coinkite, the US government currently holds the most bitcoins, reaching 213,246, worth about $13.58 billion. These bitcoins are mainly confiscated from criminals through law enforcement actions, such as from cases such as the dark web market "Silk Road".

The president of El Salvador actively publicizes his purchase of bitcoin, but the country holds a relatively small number of bitcoins, only 5,702, worth about $363 million. In contrast, the number of bitcoins held by the US and Chinese governments is close to 1% of the overall supply, and they have actually become large holders.

The German government began to liquidate its bitcoin holdings on July 8 and transferred them to exchanges within 20 days. This behavior has aroused widespread attention and concern in the market. Although the British and Ukrainian governments may also sell their bitcoin holdings, the US and Chinese governments do not seem to have plans or motivations to sell bitcoins.

Currently, the holdings of Bitcoin ETFs have exceeded twice that of governments, reaching 1.07 million, which shows that the market demand for Bitcoin ETFs is growing. Although the German government's selling behavior has had a certain impact on the market, the market has begun to gradually digest this news.

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