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CryptoIntelligence 2024-07-03 01:26:34

German Government Wallet Offloads $52M in Bitcoin, Sparking Speculation of Further Sales

German Government Wallet Offloads $52M in Bitcoin, Sparking Speculation of Further Sales

A cryptocurrency wallet labeled by the “German Government (BKA)” has recently sold another $52 million worth of Bitcoin, raising suspicions that the government might be offloading its significant BTC holdings. On July 2, the wallet linked to the German government moved 832.7 Bitcoin in four separate transactions. According to Arkham Intelligence data, 100 BTC was sent to Coinbase, 150 BTC to Bitstamp, and 32.74 BTC to Kraken. A significant portion, 550 BTC worth over $32 million, was transferred to the wallet “139Po.” This wallet, whose owner remains unidentified, has previously received funds from the German government, including 500 BTC on

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