Germany transfers millions in Bitcoin to various wallets

The German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to Kraken, Coinbase and an untagged wallet.

A wallet associated with the BKA sent $24 million in bitcoin (BTC) in two transactions to the Kraken and Coinbase cryptocurrency exchanges during the morning hours in Europe, as reported by Arkham data. The total amount of Bitcoin transferred was 400 BTC.

An additional 500 BTC ($30.4 million) was moved to an untagged address labeled “139Po.”

These transfers are in addition to $130 million in BTC sent to exchanges on June 19 and $65 million in BTC sent on June 20.

Germany’s current ownership of 46,359 BTC, which is worth approximately $2.8 billion at current prices, positions it as one of the largest known nation-state holders of Bitcoin, ranked behind the United States, China, and the UK.

These transactions followed significant movements by the BKA last week, with $130 million sent to exchanges on June 19 and $65 million on June 20.

#Germany #CPIAlert #BinanceTournament #CryptoTradingGuide #BTCFOMCWatch