German government wallet transfers 500 BTC worth approximately $30.42 million

According to BlockBeats, on June 25, data from Arkham revealed that a wallet marked “German Government” made another transfer of 500 BTC to a certain address. The total value of this transaction is estimated at around $30.42 million. The transfer was made at 17:06 Beijing time. The recipient of this significant amount of Bitcoin remains undisclosed. The German government's involvement in cryptocurrency transactions is not a new phenomenon, but the size of this particular transfer is noteworthy. The reasons for this transaction and the identity of the recipient have not yet been revealed. This event highlights the growing acceptance and use of cryptocurrencies by governments around the world.$BTC