Flow

2024

Bitcoin

Arkham

<p>Last night, the German Government received back 1,915 BTC, valued at $111.5 million, from addresses linked to major cryptocurrency exchanges Kraken, Bitstamp, and Coinbase. German government’s Bitcoin moves have been making waves in the crypto market since the beginning of this month.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Update: German Government BTC Movements<br><br>German Government wallets received 1915 BTC ($111.5M) last night back from addresses linked to Kraken, Bitstamp and Coinbase.<br><br>1047.4 BTC ($57.2M) has been moved out of their wallets this morning:<br>-547.4 BTC ($30.1M) to Flow Traders<br>-500… <a href="https://t.co/e6ARrAh4Td" target="_blank">pic.twitter.com/e6ARrAh4Td</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1809194916842512894?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="germany-transfers-1-047-4-btc-allocates-547-4-btc-to-flow-traders">Germany Transfers 1,047.4 BTC, Allocates 547.4 BTC to Flow Traders</h2> 
<p>This morning, they moved 1,047.4 BTC out of their wallets. The worth of these BTC is $57.2 million.&nbsp;Of this, 547.4 BTC, valued at $30.1 million, went to Flow Traders. Another 500 BTC, worth $27.1 million, was likely deposited for institutional or OTC services at 139Po, according to a tweet by Arkham.</p> 
<p>On July 2nd, German Government <a href="https://blockchainreporter.net/german-government-transfers-hundreds-of-btc/">transferred</a> 832.7 Bitcoins. The of value of these BTC is approximately $52 million. Out of these, 282.7 Bitcoins were sent to major exchanges such as Bitstamp, Coinbase, and Kraken.</p> 
<p>On July 4th, the German Government made another <a href="https://blockchainreporter.net/german-government-transfers-3000-btc-worth-174-million/">significant move</a> in the cryptocurrency market by transferring 3,000 Bitcoins. These Bitcoins were valued at approximately $174 million.</p> 
<p>After these massive transfers, Justin Sun, the founder of <a href="https://tron.network/" target="_blank" rel="noopener">Tron</a>, through X, <a href="https://blockchainreporter.net/justin-sun-offers-to-buy-german-governments-bitcoin-off-market/">showed his intentions</a> to negotiate with the German Government. Sun mentioned that his goal is to minimize the impact on the market. In this regard, he suggested that an off-market transaction could prevent significant price fluctuations.</p> 
<h2 class="wp-block-heading" id="germany-optimizes-bitcoin-use-with-recent-moves">Germany Optimizes Bitcoin Use with Recent Moves</h2> 
<p>This is fresh evidence of manipulation of cryptocurrency assets among the German Government in the recent past. Currently, the government’s transactions indicate that they understand the issue with digital assets, including transactions involving a huge value in Bitcoins.</p> 
<p>Lastly, the recent actions of the German Government regarding Bitcoin transactions demonstrate that they are actively involved and optimizing the use of digital assets. Receiving 1,915 BTC and further transferring 1,047.4 BTC with portions going directly to Flow Traders and possibly institutional services at 139Po. It shows that such large amounts in the cryptocurrency market require a well-coordinated strategy. These actions demonstrate the government’s interactions with large exchanges and institutional counterparts, stressing its ability to manage the intricacies surrounding digital assets.</p>

German Government Receives Back 1,915 BTC from Major Exchanges

Table of Contents

BlockchainReporter

Other articles published on Jul 6, 2024

Shiba Inu’s Price Rises Over 10% Due to Token Burns

Bitcoin Schadenfreude: Crypto Fans Revel in Germany’s Euro Loss

MoonBag Referral Bonanza Surges Ahead as Ondo and SingularityNet Lag – Dive into This Explosive C...

No Significant Change In Biden’s Reelection Odds On Polymarket

MoonBag Steals the Crypto Crown from Cardano & Notcoin with the Best Meme Coin Presale in 2024. G...

Binance Coin and Hedera Prices Continue To Tumble While Rollblock Price Surges Again; Holders 50% Up

Join our free newsletter for daily crypto updates!