The German government has continued to transfer confiscated BTC to several well-known cryptocurrency exchanges.
According to data provided by Lookonchain, the German government has transferred another 750 #ЛюбимыйТокен worth about 44635 million dollars. About 115.41 million dollars or 250 BTC of that amount was sent to crypto exchanges #Bitstamp and #Kraken .
Despite these transfers, the organization still has a significant hoard of bitcoins: it has now disposed of 45,609 BTC, with an estimated value of $22.81 billion.
The data shows that the German government transferred 0.001BTC to a flow trader. This could be a test transaction. This suggests that the authorities may be exploring additional opportunities to sell #bitcoin funds through this trading company.
The latest move is part of a larger trend: more than 2,000 BTC was sold from addresses identified as government-owned, coinciding with a period of market turmoil.
This development comes shortly after Arkham Intelligence discovered a wallet linked to the German Federal Criminal Police Office (BKA) that transferred 24 million kroner worth of bitcoins to the Kraken and Coinbase exchanges. Another 3,000 million BTC were transferred to a new wallet that does not have a tag. These transfers will complement those made on September 19 and 20, totaling ¥13,000 million and ¥66,500 million, respectively.
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