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 Bitcoin transfers again.
Accordingly, the address belonging to the German government moved 750 BTC worth $46 million in about an hour.
While BTC worth $30.85 million was transferred to another address, 250 BTC worth $15.4 million was transferred to Bitstamp and Kraken.
The German Government currently holds 45,609 BTC worth $2.81 billion.
The German Government also transferred 0.001 BTC to Flow Traders; this could be a test trade and sell BTC through Flow Traders.
The German government transferred 400 BTC to cryptocurrency exchanges Coinbase and Kraken on June 25, yesterday.
The German government has been on the agenda with its recent BTC sales. At this point, the German government transferred 1,700 BTC worth approximately $110.8 million to Coinbase, Bitstamp and Kraken last week. This transfer caused the price of Bitcoin to decline.
However, experts evaluated that there was no significant decrease in the BTC price for now due to the small amount of recent transactions.
*This is not investment advice.