Bitcoin

<ul><li>Arkham Intelligence reports the German Government’s wallet sold over $54.75 million in Bitcoin on June 25.</li><li>Significant transfers included 200 BTC to Coinbase, 200 BTC to Kraken, and 500 BTC to the unidentified wallet &#34;139Po&#34;.</li><li>The German Government’s BTC wallet still holds 46,359 BTC, worth $2.8 billion, potentially pressuring Bitcoin&#39;s price.</li></ul>Arkham Intelligence, a renowned analytical platform, has <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" rel="noopener noreferrer nofollow">revealed</a> that a Bitcoin wallet labeled as belonging to the &#34;German Government (BKA)&#34; sold over $54.75 million worth of <a href="https://cryptotale.org/bitcoin-approaching-critical-support-level-as-market-awaits-potential-rebound/" rel="noopener noreferrer nofollow">Bitcoin</a> in a series of transactions on June 25. The activity involved the transfer of 900 BTC across three distinct transactions.The first 200 BTC transfer was directed to the Coinbase exchange, followed by another 200 BTC sent to the Kraken exchange. The most significant transaction involved 500 BTC, valued at over $30 million, being transferred to an unidentified wallet labeled &#34;139Po.&#34;<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXftkyHu_p-6Zfy_NLjhQ8Q_8kL9B1yxRwzBi9x97N5_qTJNXNX7rQ8EcWSsQJNEQfRYfxPUrnSL_kuwQWSqtYzlo8CDS8UmRg3rjEJOZ1MbgSc-oLwnCc_4eRPYjM8EDNr7j4I4i_p77fjkrttIs9BT0sQr?key&#61;VKgNMSmcSNK9wLoGmq_i9A" />Source: Image by <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" rel="noopener noreferrer nofollow">Arkham Intelligence</a>According to Arkham Intelligence, this particular wallet has previously interacted with the German government’s wallet. On June 20, the government transferred 800 BTC to &#34;139Po,&#34; and another 500 BTC was sent on June 19.<a href="https://cryptotale.org/german-government-transfers-54-75m-in-bitcoin-to-kraken-and-coinbase/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

German Government Transfers $54.75M in Bitcoin to Kraken and Coinbase

CryptoTale

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