The German government surprised with its latest purchase of Bitcoin. A few minutes ago, the BKA wallet (which is linked to the German government), bought 150 BTC from Bitstamp for $9.27 million. Interestingly, earlier today the same address sent 150 BTC to Bitstamp for $9.36 million. Additionally, the wallet sent 100 BTC to Coinbase and 32.74 BTC to Kraken. At the same time, according to data of Arkham Intelligence, the German government has sent 361.877 BTC worth $22.6 million to Flow Traders, an international trading platform.They were on July 1 transferred another 400 BTC to three crypto exchanges, and before that on June 25, 900 BTC they headed to Kraken, Coinbase and an unknown wallet (allegedly associated with BKA). The portfolio currently holds $2.694 billion in Bitcoin, which were seized from pirated movie site Movie2k earlier this year.
https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1718136856634-YAKIHONNES3.webp
The German government has surprised the market with its recent sale of Bitcoin. In the past few days, the German government has transferred significant amounts of Bitcoin to likely exchange deposits, totaling $195 million in sales so far. These sales have had an impact on the market price of Bitcoin, leading to short-term volatility and potential price declines
Oddbean new post about login | logout 