Germany has 9K Bitcoin left just 3 weeks after it started selling
Germany’s Bitcoin stack briefly dipped below 5,000 BTC after a large amount of funds was sent to Coinbase, Bitstamp and Kraken, but it has since moved some back.
The German government’s Bitcoin wallet is down to 9,094 Bitcoin — just 18% of what it started with — after the latest string of back-and-forth transfers to crypto exchanges on July 11.
The wallet, which has been holding Bitcoin (BTC) seized from a film pirating website crackdown in January, has transferred out billions in Bitcoin since June 19 but ramped up efforts at the start of July.
On July 11, the wallet briefly dipped below 5,000 BTC after sending 10,620 BTC worth around $615 million to cryptocurrency trading platforms Coinbase, Bitstamp, Kraken, Flow Traders and two anonymous addresses, blockchain intelligence firm Arkham noted.
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Author: Brayden Lindrea
