德國政府剝離所有比特幣資產，最終進程於 6 月開始

根據 Arkham Intelligence 的數據，德國政府在出售 23 天後完全剝離了其持有的比特幣，結束了 6 月底開始的進程。

The German government has fully divested its Bitcoin (BTC) holdings after 23 days of sales, concluding a process that began in late June, according to data from Arkham Intelligence.

根據 Arkham Intelligence 的數據，德國政府在出售 23 天后，已完全剝離其持有的比特幣 (BTC)，完成了自 6 月底開始的進程。

The government transferred the final batch of 3,846.05 BTC — valued at roughly $223.81 million at press time — to Flow Traders and 139Po, which are likely institutional deposit or over-the-counter (OTC) services, Arkham said.

Arkham 表示，政府將最後一批 3,846.05 BTC（截至發稿時價值約 2.2381 億美元）轉移給 Flow Traders 和 139Po，這可能是機構存款或場外交易 (OTC) 服務。

The flagship cryptocurrency was trading at $57,656 as of press time, based on CryptoSlate data.

根據 CryptoSlate 數據，截至發稿時，旗艦加密貨幣的交易價格為 57,656 美元。

Seized Bitcoin

查獲的比特幣

The divestment marks the end of the German government’s direct involvement in the crypto market, which began when it seized Bitcoin from the operators of Movie2k.to, a defunct piracy website.

這次撤資標誌著德國政府直接參與加密貨幣市場的結束，這種直接參與是從德國政府從已不復存在的盜版網站 Movie2k.to 的運營商手中沒收比特幣開始的。

Strategic liquidation of seized assets is not uncommon among governments. The United States has taken similar actions, auctioning off large amounts of cryptocurrency seized from illegal activities.

政府間策略性清算扣押資產的情況並不少見。美國也採取了類似的行動，拍賣了從非法活動中查獲的大量加密貨幣。

Coinbase Institutional reported that the Bundeskriminalamt (BKA), Germany’s federal criminal police office, began selling the seized Bitcoin in mid-June. These sales caused a rise in supply that affected the market, leading to fluctuations in Bitcoin prices.

Coinbase機構報道稱，德國聯邦刑事警察局（BKA）6月中旬開始出售查獲的比特幣。這些銷售導致供應量增加，影響了市場，導致比特幣價格波動。

Since June, police-operated wallets have been systematically transferring funds to various exchanges and OTC desks, as well as an unidentified address.

自六月以來，警方經營的錢包一直在有系統地將資金轉移到各個交易所和場外交易櫃檯，以及一個身份不明的地址。

ETFs, whales accumulate

ETF、鯨魚積累

The timing of these German Bitcoin sales has coincided with significant inflows into US spot Bitcoin exchange-traded funds (ETFs). Over the most recent four trading sessions, the ETFs have absorbed approximately $801 million in BTC.

德國比特幣銷售的時間恰逢大量資金流入美國現貨比特幣交易所交易基金（ETF）。在最近的四個交易日中，ETF 已吸收了約 8.01 億美元的 BTC。

Additionally, a recent CryptoQuant report highlighted that whales have been aggressively purchasing the token at the fastest rate since April 2023, taking advantage of the lower prices resulting from Germany’s sell-off.

此外，CryptoQuant 最近的一份報告強調，鯨魚利用德國拋售導致的價格下跌，以自 2023 年 4 月以來最快的速度積極購買該代幣。

Arkham’s tracker now shows a zero balance for the German government’s Bitcoin holdings, marking a significant shift in the crypto landscape. The impact of this divestment on the market continues to unfold as institutional and individual investors react to the increased availability of Bitcoin.

Arkham 的追蹤器現在顯示德國政府持有的比特幣餘額為零，這標誌著加密貨幣格局發生了重大轉變。隨著機構和個人投資者對比特幣可用性的增加做出反應，這種撤資對市場的影響持續顯現。