Flow

2024

Millions

Bitcoin

Coin

<ul class="news-points">
 <li>German gov’s BTC transfers indicate active liquidation strategies, sending $15.41M to Bitstamp and Kraken.</li>
 <li>Total $150M BTC moved to exchanges; 45,609 BTC ($2.8B) still held by Germany, a top nation-state Bitcoin holder.</li>
 <li>BTC price dips slightly amid German transfers and upcoming Mt. Gox $9B distribution, influencing market trends.</li>
</ul>
The German government has transferred $15.41 million worth of Bitcoin to cryptocurrency exchanges Bitstamp and Kraken, raising questions about the authorities’ plans for their substantial Bitcoin holdings.
This transfer is part of a larger movement of 750 BTC ($46.35 million) initiated by authorities earlier.
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 The German Government transferred 750 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($46.35M) out again, of which 250 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($15.41M) was transferred to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitstamp</a> and <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kraken</a>. German Government currently holds 45,609 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($2.81B). The German Government also transferred 0.001 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> to Flow Traders, which may be a test… <a href="https://t.co/F0CFUDPQoP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/F0CFUDPQoP</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1805880325970837708?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 26, 2024</a>
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According to <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">Arkham</a>, the on-chain analytics provider, the German Federal Criminal Police Office (BKA) sent 125 BTC ($7.7 million) to each exchange at around 7:52 a.m. UTC. Additional…
The post <a href="https://coinedition.com/millions-in-seized-bitcoin-moved-to-kraken-by-german-authorities/" rel="noopener noreferrer nofollow">Millions in Seized Bitcoin Moved to Kraken by German Authorities</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Millions in Seized Bitcoin Moved to Kraken by German Authorities

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