The German government has been busy moving Bitcoin (BTC) around, with more than 3,000 BTC (over $172 million) transferred to three crypto exchanges and another wallet. On July 4, blockchain sleuths PeckShield noted a hefty 1,300 BTC transfer from a wallet labeled "German Government (BKA)". This $75 million worth of Bitcoin was divided between Coinbase, Kraken, and Bitstamp. Further investigation revealed another 1,700 BTC was moved to a different wallet. This activity, along with similar moves from the US government and looming Mt. Gox repayments, could increase selling pressure on Bitcoin.