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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

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