The German government, which has been suppressing the price of Bitcoin by selling Bitcoin since mid-June, has transferred another 1,000 Bitcoins worth $55.8 million.

According to Arkham data, the German government transferred a total of 500 BTC to Bitstamp and Coinbase today, 250 BTC each, worth about $27.9 million.

Another 500 BTC was transferred to another unknown address, which was assessed to be the recharge address of an institution or OTC service.