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CryptoIntelligence 2024-06-27 02:21:00

German Government Wallet Sells $54 Million in Bitcoin, Sparking Price Drop Concerns

German Government Wallet Sells $54 Million in Bitcoin, Sparking Price Drop Concerns

A cryptocurrency wallet labeled by the German Government (BKA) has sold over $54 million worth of Bitcoin. On June 25, the wallet executed three transactions, offloading a total of 900 Bitcoin. The first transaction, involving 200 BTC, was sent to the Coinbase exchange, while the second, also of 200 BTC, was directed to the Kraken exchange. The third transaction, amounting to 500 BTC, worth over $30 million, was sent to an unknown wallet labeled “139Po,” as reported by Arkham Intelligence. Although the identity of wallet “139Po” remains a mystery, it has previously interacted with the German government’s wallet. On June

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