Germany Continues Bitcoin Sales
Today, a wallet belonging to the German government labeled "German Government (BKA)" transferred a relatively small amount of Bitcoin (BTC) to 3 crypto exchanges.
The first transaction, consisting of 100 BTC was sent to US cryptocurrency exchange Coinbase, followed by another 150 BTC transaction to Bitstamp.
Shortly after, the wallet transferred 32.74 BTC on Kraken, bringing the total amount of transactions to the crypto exchanges in question to about $17.6 million at the time of the transaction.
The German government also moved another 550 BTC to already the familiar wallet identified as “139 Po".
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Bitcoin miners are starting to shift to other cryptocurrenciesThey were from the wallet yesterday initiated more transfers to the same crypto exchanges in the amount of 400 BTC ($25.3 million).
After these latest transfers, the wallet still holds 43,859 BTC, worth a total of $2.745 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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