2024

United

Bitcoin

Arkham

<p class="is-style-lead">The German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to Kraken, Coinbase and an untagged wallet.</p> 
<p>A wallet associated with the BKA sent $24 million in bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noreferrer noopener">BTC</a>) in two transactions to the Kraken and <a href="https://crypto.news/tag/coinbase/" target="_blank" data-type="link" data-id="https://crypto.news/tag/coinbase/" rel="noreferrer noopener">Coinbase</a> cryptocurrency exchanges during the morning hours in Europe, as <a href="https://x.com/ArkhamIntel/status/1805542881454633282" target="_blank" rel="">reported</a> by Arkham data. The total amount of Bitcoin transferred was 400 BTC.</p> 
<p>An additional 500 BTC ($30.4 million) was moved to an untagged address labeled “139Po.”</p> 
<p>These transfers are in addition to $130 million in BTC sent to exchanges on June 19 and $65 million in BTC sent on June 20.</p> 
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   <p lang="en" dir="ltr">UPDATE: German Government selling additional $24M BTC<br><br>In the past 2 hours the German Government has moved 400 BTC to exchange deposits at Kraken and Coinbase.<br><br>They have also moved 500 BTC to address 139Po. We have yet to see where these funds are moved. <a href="https://t.co/D6QCUv9Jgx" target="_blank" rel="">pic.twitter.com/D6QCUv9Jgx</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1805542881454633282?ref_src=twsrc%5Etfw" target="_blank" rel="">June 25, 2024</a>
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<h2 class="wp-block-heading" id="selling-pressure">Selling pressure</h2> 
<p>The authorities seized the BTC from the operators of the film piracy website Movie2k.to. The Bitcoin, worth over $2 billion at the time, was obtained from nearly 50,000 BTC. The suspects transferred it to the BKA in mid-January in a ‘voluntary transfer.’</p> 
<p>There is speculation surrounding this BTC transfer, with some suggesting that the owner of the German wallet may be looking to sell their BTC. Others believe it could be a strategy to diversify their assets across various exchanges.</p> 
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   <p lang="en" dir="ltr">The German government is selling <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Bitcoin</a> again!<br><br>Today, they transferred 400 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a> ($24 million) to Coinbase and Kraken, and another 500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a> to an unknown wallet. <a href="https://t.co/qRpwuXM21u" target="_blank" rel="">pic.twitter.com/qRpwuXM21u</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1805570887795753225?ref_src=twsrc%5Etfw" target="_blank" rel="">June 25, 2024</a>
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<p>Germany’s current ownership of 46,359 BTC, which is worth approximately $2.8 billion at current prices, positions it as one of the largest known nation-state holders of Bitcoin, ranked behind the United States, China, and the UK.&nbsp;</p> 
<p>These transactions followed significant movements by the BKA last week, with $130 million sent to exchanges on June 19 and $65 million on June 20.&nbsp;</p>

Germany transfers millions in Bitcoin to various wallets

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