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 $55.8 million in transactions that took place within the past hour.</p>
<p>Crypto surveillance account Lookonchain called attention to the development in a post on X, <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">citing data</a> from the intelligence platform Arkham. The data indicates that the German government offloaded the transferred Bitcoin via popular cryptocurrency exchanges Coinbase, Bitstamp, and an over-the-counter (OTC) entity.</p>
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government transferred 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$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>
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<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

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