PANews reported on July 9 that Arkham data showed that at 15:31, the wallet address marked as "German Government" on the chain transferred 400 BTC to Kraken, 200 BTC to the wallet address starting with bc1qu3j, and 2,500 BTC to the wallet address starting with 139PoPE1.

Subsequently, at 15:35, the Bitstamp address transferred a total of 1,692 BTC to the wallet address of the "German government" three times.