2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>The German government moved to sell another 1,000 BTC worth $55.8M.</strong></li>
 <li><strong>This latest sale reduces their Bitcoin holdings to 38,826 BTC, valued at around $2.17, from 45K BTC last month.</strong></li>
 <li><strong>The latest sale comes amid the value of Bitcoin crashing to $55K today.</strong></li>
</ul>
<p>The German government has just orchestrated another massive Bitcoin sale, liquidating 1,000 BTC tokens worth approximately $55.8 million in transactions that took place within the past hour.</p>
<p>Crypto surveillance account Lookonchain called attention to the development in a post on X, <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">citing data</a> from the intelligence platform Arkham. The data indicates that the German government offloaded the transferred Bitcoin via popular cryptocurrency exchanges Coinbase, Bitstamp, and an over-the-counter (OTC) entity.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government transferred 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($55.8M) out again 15 minutes ago, of which 500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($27.9M) was deposited to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a> and <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitstamp</a>.<br><br>The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government currently holds 38,826 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($2.17B).<a href="https://t.co/h2JlBVFPsL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/h2JlBVFPsL</a> <a href="https://t.co/NS5pkMixrj" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NS5pkMixrj</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1810208331862290529?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This latest sale brings the German government’s Bitcoin holdings down to 38,826 BTC, currently valued at appro…</p>
<p>The post <a href="https://coinedition.com/bitcoin-bombshell-german-government-strikes-again-with-massive-btc-dump/" rel="noopener noreferrer nofollow">Bitcoin Bombshell: German Government Strikes Again with Massive BTC Dump</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Bombshell: German Government Strikes Again with Massive BTC Dump

Coin Edition

Other articles published on Jul 8, 2024

Puffer Finance to unveil its based rollup solution Puffer UniFi

Binance To Delist BOND, DOCK, MDX, POLS On July 22

Dogecoin Price Prediction: DOGE Pumps 4% As This New SHIB P2E Meme Coin Blasts Past $500k

Token Unlock Alert: Key Dates and Potential Market Impact for XAI, DYDX, Aptos, and More

Bitfarms Names Ben Gagnon As New CEO Following Leadership Shakeup

Binance to Remove Four Altcoins

Join our free newsletter for daily crypto updates!