PANews reported on July 9 that according to Lookonchain statistics, the German government transferred 16,039 bitcoins (worth $915.3 million) and received 3,673 bitcoins (worth $206.5 million) in the past 24 hours. It is speculated that the German government may have sold 12,366 bitcoins (worth $708.8 million) and currently holds 27,461 bitcoins (worth $1.55 billion).