- The German government sent $175 million (3,000 bitcoin) to different addresses.
- 1,700 bitcoin were transmitted to an address that began with 139Po but was not identified.
- 500 BTC to Bitstamp, 400 BTC to Coinbase, and 400 BTC to Kraken were the recipients of additional transfers.
Data from Arkham indicates that the German government seems to have sent more bitcoin to a few addresses, suggesting that it may be planning to sell the holdings.
According to Arkham data, German officials transferred 3,000 bitcoin ($175 million) to a few accounts, including cryptocurrency exchanges. Out of this total, 1700 BTC (-6.29%) were sent to an address that began with 139Po but that the platform has not yet been able to identify.
Additionally, the government sent 400 Bitcoin to a Coinbase address, 500 Bitcoin to a Bitstamp address, and 400 Bitcoin to a Kraken address.
The most recent trades continue a trend that began two weeks ago. The government delivered $17.6 million worth of bitcoin to exchange accounts on Tuesday. According to the statistics, the German government has now sent more than $300 million worth of bitcoin to the “139Po” account and recognized exchange addresses. At the moment, the government owns 40,359 bitcoin, which is valued at $2.32 billion.
Cryptocurrency traders are keeping a tight eye on US and German government actions as well as compensation updates from the now-defunct cryptocurrency exchange Mt. Gox.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
