๐ข๐ฉ๐ช Germany's back at it, folks! The government has resumed selling its Bitcoin stash, with 3,200 BTC (that's a cool $300 million!) transferred across various platforms. ๐๐ฐ
Bitstamp, Kraken, and Coinbase each received a neat 400 BTC, while 1,000 BTC went to an address believed to belong to B2C2 Group. The remaining 500 BTC? Sent to an unmarked address. ๐ต๏ธโโ๏ธ
Crypto analyst Michaรซl van de Poppe speculates that the remaining Bitcoin will likely be sold today. ๐ฒ
Historically, large sales by government entities can cause market ripples, but the careful distribution might prevent any drastic price swings. ๐ข
With 5,800 BTC still in their wallet, the German government has sold a whopping 88.4% of the original 50,000. ๐ผ
Despite some disapproval from Bitcoin advocates, the recent BTC price dip could be due to Germany's significant sale and other market uncertainties. ๐
What's your take on this? Share your thoughts below! ๐
