PANews reported on July 8 that according to Lookonchain statistics, the German government has transferred 9,634 BTC (about $551 million) to Kraken, Flow Traders, Coinbase, Bitstamp, Cumberland and B2C2Group today. Since June 19, the German government has transferred 24,304 BTC (US$1.44 billion) and currently still holds 28,988 BTC (US$1.66 billion).