Flow

Cryptocurrency

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/german-government-actively-manages-bitcoin-holdings/" data-wpel-link="internal">German Government Actively Manages Bitcoin Holdings</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market continues to experience significant price movements. The German government has been actively managing its <strong><a href="https://en.coin-turk.com/understanding-the-difference-between-spot-and-futures-bitcoin-etfs/" data-wpel-link="internal">Bitcoin</a></strong> holdings and conducting important transactions involving this cryptocurrency. About an hour ago, they transferred 5,103 BTC worth approximately $300 million. This movement towards Kraken, Cumberland, Flow Traders, and Coinbase is part of a larger trend observed in the last 24 hours, where the government may have sold Bitcoin worth $500 million.</p> 
<h2 style="text-align: justify" id="mixed-transactions-in-bitcoin">Mixed Transactions in Bitcoin</h2> 
<p style="text-align: justify">During this period, the government sold 11,410 BTC worth approximately $662 million at a price of about $58,002 per Bitcoin.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-369390 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/arkham-3.png" alt="" width="601" height="850"></p> 
<p style="text-align: justify">However, they also repurchased 2,810 BTC worth $162 million at a slightly lower rate of about $57,541 per Bitcoin. These repurchases were likely for unsold BTC and were transferred back to the address.</p> 
<h2 style="text-align: justify" id="another-transaction-conducted">Another Transaction Conducted</h2> 
<p style="text-align: justify">In another development, the government sent an additional 750 <strong>BTC</strong> to an address identified as 139Po. This transaction likely represents a corporate deposit or over-the-counter (OTC) trade, suggesting that the government might be interacting with institutional <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> or conducting large-scale private transactions.</p> 
<p style="text-align: justify">With these two movements, the total amount of Bitcoin transferred by the German government today reached 5,853.5 BTC, equivalent to approximately $343.91 million.</p> 
<p style="text-align: justify">Currently, after the latest transactions, the German government holds about 18,110 BTC worth approximately $1.06 billion. Since these daily transfers impact Bitcoin prices, <strong>investors</strong> are eager for the German government to exhaust its Bitcoin holdings.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/german-government-actively-manages-bitcoin-holdings/" data-wpel-link="internal">German Government Actively Manages Bitcoin Holdings</a></h5>

German Government Actively Manages Bitcoin Holdings

Table of Contents

COINTURK NEWS

Other articles published on Jul 10, 2024

MoonBag Named Top Meme Coin Presale As Ripple Seeks End To Lawsuit, Bitcoin Cash Price Hits Hard

Ethereum Sees Renewed Interest Ahead of Anticipated ETF Approval

Israel’s Central Bank to hold off CBDC decision ahead of EU’s call on digital Euro

Oil King Pepe Memecoin Buyer Makes Huge 6,500% Profit and Waits For Another 20,000% Rally

MoonBag Staking Rewards Provide it an Edge Over Sei and Kucoin

Andrew Tate’s Daddy Tate Meme Coin Gains Momentum Despite Challenges

Join our free newsletter for daily crypto updates!