The German government has reportedly transferred an additional 750 BTC, valued at approximately $46.35 million, to crypto exchanges Bitstamp and Kraken, according to data from Lookonchain. Despite these transfers, the government still holds a significant Bitcoin reserve of approximately 45,609 BTC, valued at an estimated $2.81 billion.

In addition, the German government also transferred a small amount of BTC to Flow Traders, potentially indicating a test transaction and suggesting that the authorities may be exploring additional avenues for selling their Bitcoin holdings.

These recent movements are part of a larger trend, with over 2,000 BTC sold from the government's address during a period of market turmoil. This comes after a wallet linked to the German Federal Criminal Police Office (BKA) moved $24 million worth of Bitcoin to Kraken and Coinbase exchanges.

Despite these movements, the market remains optimistic. Although the recent Bitcoin transfers by the German government and other factors have caused temporary dips in the asset's price, the top digital asset has managed to soar to $62,400 after the market-wide crash and is currently striving to remain above $61,000.