Here’s How Much BTC the German Govt Has Transferred to Exchanges So Far
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According to data shared by Lookonchain, the German government has transferred an additional 750 BTC, valued at approximately $46.35 million. Around $15.41 million or 250 BTC of this amount was sent to crypto exchanges Bitstamp and Kraken.
Despite these transfers, the entity still maintains a significant Bitcoin reserve, currently holding 45,609 BTC, which has an estimated value of $2.81 billion.
Data revealed that the German government also transferred 0.001 BTC to Flow Traders, which may be a test transaction. This suggests that the authorities may be exploring additional avenues for selling Bitcoin holdings through this trading firm.
The recent movements are part of a larger trend, with over 2,000 BTC sold from the address identified to be of the government.
