The German government, which has been suppressing the BTC price since mid-June with Bitcoin sales, again transferred 1,000 BTC worth $55.8 million.
According to Arkham data, the German Government transferred a total of 500 BTC to Bitstamp and Coinbase today, 250 BTC each, worth approximately $27.9 million.
The other 500 BTC was transferred to another unknown address. It was evaluated that this address could be the deposit address of an institution or OTC service.
“The German government again transferred 1,000 BTC ($55.8 million worth) 15 minutes ago, of which 500 BTC ($27.9 million) was deposited to Coinbase and Bitstamp.
The German government currently holds 38,826 BTC ($2.17 billion).”
*This is not investment advice.