PANews reported on July 9 that according to Arkham Intelligence data, as of 4:15 am Beijing time today, the German government address has received 2,898 bitcoins returned by exchanges, worth about $163 million, mainly from Coinbase, Kraken and Bitstamp. Steven Zheng, head of research at The Block, said that the exchanges are likely to have returned the bitcoins because they could not sell them within the target price range. Data shows that the German government currently holds 27,461 bitcoins, worth about $1.56 billion.