2024

Bitcoin

Arkham

Coin

<ul class="news-points">
 <li>The German government’s Bitcoin holdings spiked by 9,000% in one day.</li>
 <li>Bitcoiners trolled the government after it sold all Bitcoins in its wallet.</li>
 <li>Bitcoin has climbed above $60K in a recovery move.</li>
</ul>
The German government’s <a href="https://coinedition.com/germany-sells-bitcoin-but-institutional-investors-pile-into-bitcoin-etfs/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin holdings</a> spiked by 9,000% in one day following multiple donations by crypto community members. The donations followed the conclusion of the Bitcoin government’s selloff exercise in compliance with standard practice for confiscated assets.
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 The German Government’s Bitcoin holdings have increased by 9000% in a day. Various Bitcoiners have donated a total of $171.92 to the German Government’s Bitcoin address, increasing their balance by 90x since yesterday ($1.87). The German Government currently holds 0.003 BTC… <a href="https://t.co/rD1R0sQQib" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rD1R0sQQib</a>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1812149875150368927?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 13, 2024</a>
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Although several Bitcoiners donated to the Bitcoin wallet linked to the German government, the donations amounted to a mere $171.92. The Bitcoin community members embarked on the donations as a troll to the government after a protracted selloff that mounted significant bearish pressure on Bitcoin since the beginning of June.
The selloff ended last F…
The post <a href="https://coinedition.com/german-governments-btc-holding-spikes-9000-in-one-day/" rel="noopener noreferrer nofollow">German Government’s BTC Holding Spikes 9,000% in One Day</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

German Government’s BTC Holding Spikes 9,000% in One Day

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