The German government continues Bitcoin (BTC) sales from where it left off. According to on-chain data and analysis platform Arkham Intelligence data, the address labeled as belonging to the German government made a Bitcoin transfer again today.
According to Arkham data, the German Government transferred a total of 282.74 BTC worth approximately $17.64 million to Bitstamp, Coinbase and Kraken.
According to the data, the German government also transferred 550 Bitcoins worth $ 34.33 million to an unknown address.
As you may remember, the German government transferred a total of 400 BTC worth approximately $25.28 million to Bitstamp, Coinbase and Kraken yesterday.
The German Government currently holds 43,859 BTC worth $2.74 billion.
The German government has been on the agenda with its recent BTC sales. At this point, the German government has transferred a total of more than 3,000 BTC to CEXs since the past two weeks. The first transfers caused the price of Bitcoin to decline.
However, experts evaluated that there has not been a significant decrease in the BTC price for now due to the small amount of recent transactions.
*This is not investment advice.