According to BlockBeats, on July 11, according to Spot On Chain monitoring, in the past 16 hours, the German government may have sold $496 million worth of BTC, including:

10,853 BTC ($637 million) were transferred out at approximately $58,659.

2,442 BTC ($141 million) were transferred back at approximately $57,560.

Currently, only 15,552 BTC ($894 million) remain in the German government address, which is about 31% of the original amount seized from the pirated movie website Movie2k in January.