The German government continues to transfer its seized Bitcoin to top global crypto exchanges, sparking concerns over potential liquidation of its Bitcoin reserves. Despite recent transfers, Germany still holds Bitcoins worth approximately $2.82 billion. On July 1st, it moved 1,500 BTC, valued at $94.7 million, with 400 BTC ($25 million) transferred to exchanges such as Bitstamp, Coinbase, and Kraken.

These transactions follow a series of similar moves, with approximately $200 million worth of BTC transferred to various exchanges. These Bitcoins were initially seized in 2013 from the operators of Movie2k.to. The ongoing transactions suggest a possible intent to liquidate some of these assets, similar to actions taken by the US government.

Both the US and Germany are among the largest state holders of Bitcoin. Despite speculation about potential impact on Bitcoin's price, the latest transfer did not significantly affect it. At the time of writing, Bitcoin was up by a modest 2.07%, trading at $62,762.