PANews reported on June 19 that according to Cointelegraph, the crypto wallet marked as "German Government (BKA)" by the on-chain analysis company Arkham began to transfer Bitcoin on June 19, which aroused widespread attention and speculation in the community. According to Arkham data, the wallet has held nearly 50,000 Bitcoins since February 2024. These Bitcoins were allegedly confiscated from the operators of the pirated movie website Movie2k.

On June 19, the wallet associated with the German government made four large transfers, one of which was to the address "bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd" to transfer 6,500 bitcoins, worth more than $425 million, and another was to transfer 2,500 bitcoins to its own address, worth about $154 million. Then, these bitcoins transferred to the new address were divided into four transactions of 500 bitcoins, two of which were transferred to the cryptocurrency exchanges Kraken and Bitstamp, and the remaining two were transferred to unmarked private addresses.

As of now, the German government-marked wallet still holds 43,359 bitcoins, worth approximately $2.83 billion.