Germany sold $1.21B of $BTC this week...
and they're about to sell the rest 25,000 $BTC
I analyzed their transactions and official reports...
here's how government tries to trick you 🧵👇
✜ At the moment, the government has already sold almost all their $BTC, leaving only 752 $BTC in their wallets.
✜ As you can see, nothing critical has happened in the market.
✜ #BlackRock has bought up all the current sales from the German government.
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Germany sold $1.21B of $BTC this week...
and they're about to sell the rest 25,000 $BTC
I analyzed their transactions and official reports...
here's how government tries to trick you 🧵👇
✜ These Bitcoins were confiscated by the German government.
✜ In January 2024, 50,000 BTC were seized from the Movie2k website, which was involved in film piracy.
✜ In fact, they got them for free and aren't very interested in the growth.
✜ Currently, the German government is transferring funds daily to several CEXs:
- Coinbase
- Kraken
- Bitstamp
✜ There, they don't dump all at once but sell gradually and withdraw the funds back to their wallets in the evening, leaving no funds overnight.