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<ul class="news-points">
 <li>Germany’s $3.5 billion bitcoin portfolio has been drained to $350 million.</li>
 <li>Today alone, they already unloaded 3,000 Bitcoins worth $172 million.&nbsp;</li>
 <li>German parliament member Joana Cotar advocated for the country to hold onto Bitcoin as a strategic reserve currency.</li>
</ul>
German authorities have nearly exhausted their Bitcoin reserves after consecutive days of significant liquidation that have dampened the crypto market’s bull run progress. According to the latest data from <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">Arkham Intelligence</a>, the German government now holds only 6,146 BTC tokens, valued at approximately $350 million.
As of Monday, June 8, the government’s Bitcoin <a href="https://coinedition.com/bitcoin-bombshell-german-government-strikes-again-with-massive-btc-dump/" rel="noopener noreferrer nofollow">wallet</a> held 39,826 Bitcoin valued at over $2.6 billion, implying they have liquidated a staggering $1.9 billion in BTC in under a week. Today alone, the German government has unloaded 3,000 tokens worth $172 million. With their wallet dwindling to around $350 million worth of Bitcoin, a typical amount unloaded in a day, the authorities appear to be preparing for their final dump.
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 JUST IN : Another 3,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> ($172M) transferred as Germany approaches the final stages of its Bitcoin dump! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3e6.png" alt="🏦" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f504.png" alt="🔄" class="wp-smiley" style="height: 1em; max-height: 1em;"> Source : <a href="https://t.co/7jlpRyMCos" target="_blank" rel="noopener noreferrer nofollow">https://t.co/7jlpRyMCos</a><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#C…</a>
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The post <a href="https://coinedition.com/germanys-bitcoin-reserves-dwindle-after-massive-liquidation-spree/" rel="noopener noreferrer nofollow">Germany’s Bitcoin Reserves Dwindle After Massive Liquidation Spree</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Germany’s Bitcoin Reserves Dwindle After Massive Liquidation Spree

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