The German government has transferred at least $195 million in Bitcoin (BTC) to exchanges, according to Arkham Intelligence.

Arkham added that the German government transferred a total of $600 million in BTC on June 19 – of which $130 million was sent to four “likely exchange addresses.” Three of these addresses are confirmed as “service wallets” on Kraken, Bitstamp, and Coinbase.

Some have expressed concerns about the impact on the market if Germany continues to sell its significant amount of digital assets.

According to reports, these Bitcoin transfers were carried out by the German Federal Criminal Police Office (BKA), which seized nearly 50,000 BTC from piracy website Movie2k.to earlier this year. This was the result of a massive seizure in 2018 from a piracy website operated by two individuals, marking one of the largest cryptocurrency seizures in history.

Following recent transactions, the German government now owns 47,179 BTC — worth about $3 billion at press time — according to Arkham data.

Amount of Bitcoin holdings by countries

BitcoinTreasuries says Germany has the fourth largest amount of Bitcoin among countries, based on publicly available information.

The top three countries are the US with $13.844 billion in Bitcoin, China with $12.334 billion, and the UK with nearly $4 billion. Each government accumulated BTC primarily through confiscations by law enforcement in recent years.

Ukraine ranked fifth with 46,351 BTC, most of which was collected from a former government official, Yury Shchigol.

Germany holds the 4th largest amount of BTC in the world

Meanwhile, some countries are accumulating Bitcoin through buying, selling, investing and donating. El Salvador, a pioneer in accepting Bitcoin as legal tender, currently holds 5,779 BTC — worth about $375 million at press time.

The value of El Salvador's Bitcoin holdings shows significant gains since the country began buying in September 2021. Similarly, Venezuela has also turned to Bitcoin amid struggles with hyperinflation speed and US sanctions, while the Central African Republic recently announced it would accept Bitcoin as its official currency.

Meanwhile, Bhutan, the happiest country in the world, has been quietly mining Bitcoin since 2019 and currently holds about 621 BTC.

Source: https://tapchibitcoin.io/chinh-phu-duc-chuyen-195-million-do-la-bitcoin-len-cac-san- Giao-dich-cap-nhat.html