Bitcoin transferred to Flow Traders and 139Po
Germany now holds zero Bitcoin
Government Liquidation of Bitcoin
In a notable development, the German government has sold off its entire Bitcoin holdings. This major liquidation saw the transfer of 3,846.05 BTC, valued at approximately $223.81 million, to entities Flow Traders and 139Po, marking the end of Germany’s Bitcoin reserves.
Seizure and Accumulation
Germany accumulated a substantial amount of Bitcoin through law enforcement activities, primarily from the seizure of assets related to the illegal streaming site Movie2k.to. This site was involved in distributing over 880,000 pirated films between 2008 and 2013. During the investigation, nearly 50,000 BTC were confiscated, marking the largest Bitcoin seizure in Germany’s history. These assets have appreciated significantly in value since the time of seizure .
Recent Sales and Transactions
In recent weeks, the German government has been actively liquidating its Bitcoin holdings. On July 8, 2024, it sold 17,000 BTC worth $951 million, the largest single-day liquidation by the government. Blockchain analytics firm Arkham closely monitored these transactions, reporting that the BTC was moved to various addresses, predominantly belonging to crypto exchanges and market makers such as Kraken, Bitstamp, Coinbase, and Flow Traders .
