Flow

2024

Bitcoin

Million

<ul class="news-points">
 <li>Germany’s government has purchased 1,915 BTC worth $111.5 million, reversing recent sales.</li>
 <li>This buyback follows large-scale Bitcoin sales that had stirred market volatility.</li>
 <li>Justin Sun, founder of Tron, proposed negotiating with the government to minimize market impact.</li>
</ul>
In a surprising reversal, the German government, known for the recent large-scale Bitcoin sell-offs, has just bought back a significant amount of the BTC. Data from Arkham Intelligence reveals a purchase of 1,915 BTC, worth $111.5 million, from major exchanges Kraken, Bitstamp, and Coinbase.
This move comes after weeks of high-profile Bitcoin sales by the German government, which had <a href="https://coinedition.com/bitcoin-fear-greed-index-why-mt-gox-and-government-sales-are-spooking-investors/" rel="noopener noreferrer nofollow">sparked market volatility</a> and raised questions about their crypto strategy. The sudden buyback has ignited speculation and renewed optimism among Bitcoin investors worldwide.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Update: German Government BTC Movements German Government wallets received 1915 BTC ($111.5M) last night back from addresses linked to Kraken, Bitstamp and Coinbase. 1047.4 BTC ($57.2M) has been moved out of their wallets this morning: -547.4 BTC ($30.1M) to Flow Traders -500… <a href="https://t.co/e6ARrAh4Td" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/e6ARrAh4Td</a>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1809194916842512894?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 5, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure> … 
The post <a href="https://coinedition.com/germanys-surprise-111-million-bitcoin-buyback/" rel="noopener noreferrer nofollow">Germany’s Surprise $111 Million Bitcoin Buyback</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Germany’s Surprise $111 Million Bitcoin Buyback

Coin Edition

Andre artikler publisert på 6. juli 2024

Dogwifhat Price Analysis Hints $3 Rally As Bullish Pattern Outshines Whale Sell-off

Bitcoin Set to Plunge to $50,000, Experts Warn of Further Decline

Crow With Knife Price Prediction: Is CAW the New Rising Star

Spot Bitcoin ETFs Saw $143 Million Inflows on Friday, Institutions Buying The Dips?

Layer 2 Chains Arbitrum (ARB) and Optimism (OP) Lose Buzz as This New Crypto Goldmine Continues T...

Indian Police to Deploy AI for Rath Yatra Traffic Management

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!