German government has thrown the cryptocurrency world into a loop with a surprising reversal on Bitcoin. After weeks of aggressive Bitcoin sales that shook the market, they've just repurchased a significant amount – 1,915 BTC, valued at over $111.5 million.

This purchase comes from major exchanges like Kraken, Bitstamp, and Coinbase. It follows a period of intense selling by the German government, which had caused Bitcoin's price to fluctuate wildly.

However, the German government's crypto maneuvers remain shrouded in some mystery. While they've been buying, they've also been selling. On Friday, they transferred out 1,047.4 BTC, worth $57.2 million. This included a large portion sent to Flow Traders, a firm known for institutional trading, and another chunk believed to be for institutional or over-the-counter services.

This isn't the first time the German government has made big moves in the crypto market this month. Earlier in July, they made multiple transfers totaling over 4,000 BTC, both in and out of their wallets. These activities have significantly impacted Bitcoin's price.

The German government's crypto strategy remains unclear. Their recent actions raise questions about their long-term plans and the rationale behind the selling and subsequent buying spree.

One thing is certain – the market is taking notice. Justin Sun, founder of Tron, previously offered to buy Germany's remaining Bitcoin in a private deal to minimize the market impact of their sales. With the German government's unpredictable activity, Sun's offer might still be on the table.

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