德国政府剥离所有比特币资产，最终进程于 6 月开始

根据 Arkham Intelligence 的数据，德国政府在出售 23 天后完全剥离了其持有的比特币，结束了 6 月底开始的进程。

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.

根据 Arkham Intelligence 的数据，德国政府在出售 23 天后，已完全剥离其持有的比特币 (BTC)，完成了自 6 月底开始的进程。

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，政府将最后一批 3,846.05 BTC（截至发稿时价值约为 2.2381 亿美元）转移给 Flow Traders 和 139Po，这可能是机构存款或场外交易 (OTC) 服务。

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

根据 CryptoSlate 数据，截至发稿时，旗舰加密货币的交易价格为 57,656 美元。

Seized Bitcoin

查获的比特币

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.

此次撤资标志着德国政府直接参与加密货币市场的结束，这种直接参与是从德国政府从已不复存在的盗版网站 Movie2k.to 的运营商手中没收比特币开始的。

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.

政府间战略性清算扣押资产的情况并不少见。美国也采取了类似的行动，拍卖了从非法活动中查获的大量加密货币。

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机构报道称，德国联邦刑事警察局（BKA）于6月中旬开始出售查获的比特币。这些销售导致供应量增加，影响了市场，导致比特币价格波动。

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

自六月以来，警方运营的钱包一直在系统地将资金转移到各个交易所和场外交易柜台，以及一个身份不明的地址。

ETFs, whales accumulate

ETF、鲸鱼积累

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.

德国比特币销售的时间恰逢大量资金流入美国现货比特币交易所交易基金（ETF）。在最近的四个交易日中，ETF 已吸收了约 8.01 亿美元的 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 最近的一份报告强调，鲸鱼利用德国抛售导致的价格下跌，以自 2023 年 4 月以来最快的速度积极购买该代币。

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 的追踪器现在显示德国政府持有的比特币余额为零，这标志着加密货币格局发生了重大转变。随着机构和个人投资者对比特币可用性的增加做出反应，这种撤资对市场的影响继续显现。