BREAKING NEWs ..‼️

GERMAN GOVERNMENT SENDS ANOTHER 400 BITCOIN TO EXCHANGES -

STILL $2.85B LEFT TO DUMP

as per the several media reports, few hours ago, the German government sent another 400 $BTC (worth more than $24 million) to centralized exchanges, presumably to sell their stacks into the market.

The Bitcoin   was sent across two transactions - each for 200 $BTC - and each was sent to the @Coinbase and @Krakenfx exchanges.

According to @ArkhamIntel’s dashboard, the German government still holds an incredible 46.9K BTC worth a whopping $2.85 billion.

The German government seized the 50,000 BTC from a pirated movie website operator, as covered by WuBlockchain in early 2024.

The news follows transactions made at the end of last week, which also saw large sums of Bitcoin sent to Coinbase and Kraken.

as earlier reported by Arkham, a wallet linked to the German government transferred 6,500 BTC to exchanges on June 19, worth $425 million at the time...