Germany has made a significant step with the transfer of 700 Bitcoins, reaching a total value of US$40.47 million. This step shows his courage in managing digital assets amidst the uncertainty of the global crypto market.

According to data from Arkham Intelligence, these Bitcoins were moved to an unidentified address on July 6, prompting speculation that this may have been part of a sales strategy. This action has contributed to the price of Bitcoin dropping, reaching a low of US$54,954.