German Government's Largest Bitcoin Transfer Recorded
On Monday, the German government executed its largest single-day Bitcoin transaction, moving $297.3 million worth of the cryptocurrency to exchanges such as Coinbase and Bitstamp. This followed a transfer of 700 Bitcoins the previous day. Despite market concerns, Coinshares' James Butterfill emphasized that these sales are relatively small compared to global trading volumes. The government still holds $1.35 billion in Bitcoin. Criticism has emerged, with Bundestag member Joana Cotar urging a reevaluation of this strategy.