🚨 ANOTHER $150,000,000 IN CRYPTO MOVED BY GERMAN & US GOVT'S 🚨
The German and United States governments have recently made strategic moves by transferring millions of dollars worth of Bitcoin and Ethereum, catching the market's eye.
German Government's BTC Transfers 🇩🇪
On July 1, the German government moved 1,500 BTC, valued at approximately $95 million, to multiple crypto exchanges. This transfer follows a pattern, as over the past two weeks, Germany has moved a total of 2,700 BTC to exchanges such as Bitstamp, Coinbase, and Kraken. Currently, Germany holds 44,692 BTC, worth around $2.82 billion.
Data from Arkham Intelligence indicates that 400 of the latest 1,500 BTC were sent to major exchanges, while 750 BTC were transferred on June 26, with 250 BTC specifically going to Bitstamp and Kraken.
US Government's ETH Transfers
The U.S. government, on the other hand, has shifted its focus to Ethereum. On July 1, it moved 3,375 ETH, worth about $11.75 million, from seized funds to an unknown address. This follows a previous transfer of 11.84 BTC, worth around $743,000, from a seized funds address on June 30.
The ETH funds in question were seized from Estonian crypto entrepreneurs Potapenko and Turogin. The movement of these funds to an unknown wallet suggests a shift in fund management strategy by the U.S. government.
📊 Analysis and Market Impact 📊
The frequent transfers by both governments indicate strategic fund management. Germany's actions suggest a potential liquidation of its holdings on major exchanges, possibly influenced by the recently adopted Markets in Crypto-Assets Regulation (MiCA) by the European Union.
Meanwhile, the U.S. government's transfer to an unknown address could indicate a reevaluation of its ETH management strategy.
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