The data indicates that the government transferred 750 BTC, valued at approximately $46.35 million. Out of this, 250 BTC (worth $15.41 million) were sent to the exchanges Bitstamp and Kraken.
The German government has sold a portion of its Bitcoin reserves, with data from Lookonchain and Arkham Intelligence indicating a transfer of 750 BTC ($46.35 million) to exchanges Bitstamp and Kraken.
According to Lookonchain, 250 BTC were sent to the two exchanges, while a small transaction of 0.001 BTC was made to Flow Traders, possibly as a test transaction. This suggests that the government may be preparing to sell Bitcoin through Flow Traders in the future.
The government's Bitcoin holdings, as indicated by Glassnode, currently stand at 45,609 BTC, valued at around $2.8 billion. This substantial holding highlights Germany's significant involvement in the digital assets market.
Data from Bitcointreasuries shows that governments worldwide now hold approximately 565,000 BTC. Among them, Ukraine holds the largest amount (around 46,351 BTC), followed by El Salvador (2,301 BTC), Georgia (317 BTC), and Germany (45,609 BTC).
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