"The German government's Bitcoin holdings fell to 9,094, and continued selling has attracted market attention"

1. Overview of current holdings

Latest data: According to Lookonchain monitoring of the blockchain network (NFTs), there have been fund flows in the German government wallet in the past 24 hours, but the exact holdings are currently (i.e. July 12, 2024). The latest information shows 9,094 BTC, worth approximately $522.29 million.

2. Historical changes

Sell-off record: The German government has been selling Bitcoin continuously since the beginning of this month (especially since June 19). + Communication Junyang: 954737157 According to data from different sources, the German government transferred a large number of Bitcoins during this period, including 6,500 Bitcoins transferred out on June 19, and a single-day peak of 16,038 Bitcoins transferred out on July 8. These sell-offs resulted in a significant reduction in the amount of Bitcoin held by the German government.

Initial holdings: There are reports that the German government obtained nearly 50,000 BTC by seizing Bitcoin from the pirated film and television website Movie2k.to in January 2024, which was worth approximately US$2.2 billion at the time. This is currently the main traceable source of the German government’s Bitcoin holdings.

3. Analysis of influencing factors

Market dynamics: Price fluctuations and trading activity in the Bitcoin market will directly affect the value of the government’s Bitcoin holdings and its selling decisions.

Policy and Regulation: The government’s policy attitude and regulatory measures towards cryptocurrencies may also affect its behavior of holding and selling Bitcoin.

4. Summary

To sum up, the number of Bitcoins currently held by the German government is 9,094, but this number may change due to market fluctuations and government operations. Because the cryptocurrency market is highly uncertain and volatile, it is difficult to accurately predict whether the German government will continue to sell off or accumulate Bitcoin in the future. However, yes$MDX $PDA $ILV #美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？