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The German Government’s Bitcoin holdings have increased by 9000% in a day. Various Bitcoiners have donated a total of $171.92 to the German Government’s Bitcoin address, increasing their balance by 90x since yesterday ($1.87). The German Government currently holds 0.003 BTC ($171.92).
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UPDATE: The German Government now has $1 of Bitcoin. The German Government sent their entire balance of 49,860 BTC ($2.90B) to exchanges and market makers in the past 3 weeks. 2 hours after sending off their final batch of Bitcoin, the German Government received 0.0000321 BTC from an unknown individual - making Germany’s national Bitcoin holdings worth just under two dollars.
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BREAKING: The German Government is now out of Bitcoin. The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service). The German Government has 0 BTC ($0.00M) remaining.
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UPDATE: German Government selling up to 2375 BTC ($137.87M) In the past hour, the German Government has sent 2375 BTC ($137.87M) to Kraken, Bitstamp, Coinbase, 139Po (likely institutional deposit/OTC service) and address bc1qu. Since yesterday’s movements, the German Government received 2442 BTC ($140.47M) back from exchange addresses including Kraken and Bitstamp. They now have 13,117 BTC ($767.18M) remaining - that’s 26.3% of the Bitcoin originally seized from Movie2k.
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JUST IN: The German Government just sent another 3250 BTC ($191.02M) to Cumberland, Coinbase, Bitstamp, Kraken, 139Po (likely institutional deposit/OTC service), and address bc1qu. So far today, they have transferred a total of 5627 BTC ($328.89M) to market makers and exchanges. The German Government now has 9925 BTC ($582.43M) remaining - only 19.9% of the Bitcoin originally seized from Movie2k.
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