2024

Bitcoin

Arkham

In a bold move reflecting Germany’s proactive stance in the cryptocurrency arena, the government recently executed transfers totaling 282 Bitcoins—worth an impressive $18 million—to prominent exchanges. This activity, part of their broader management strategy, highlights Germany’s robust engagement with digital assets amidst evolving market landscapes. 
According to <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noreferrer noopener nofollow">data</a> from Arkham Intelligence, the recent transfer from Germany describes that out of 282 Bitcoins transferred to exchanges, 32.74 Bitcoins ($2.04 million) were moved to Kraken, 150 Bitcoins (9.36 million) were shifted to Bitstamp, and 100 Bitcoins (6.24 million) to Coinbase. 
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 According to Arkham, the German Government transferred a total of 282.74 BTC to Bitstamp, Coinbase and Kraken at 16:20 UTC+8, worth about $17.64 million. Since the previous two weeks, the German Government has transferred a total of more than 3,000 BTC to CEX.…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1808057863463751833?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 2, 2024</a>
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“Since the previous two weeks, the German Government has transferred a total of more than 3,000 BTC to CEX,” as per the Wu Blockchain.&nbsp; 
Notably, this action forms part of Germany’s extensive Bitcoin holdings, currently standing at 43,359 BTC valued at approximately $2.72 billion. Just days earlier, the government made waves with a <a href="https://www.cryptotimes.io/2024/07/01/german-govt-moves-1500-btc-worth-94-billion-in-20-min/" target="_blank" rel="noreferrer noopener">swift transfer of 1,500 BTC</a>, amounting to a staggering $94.7 million. This recent flurry saw 400 BTC, valued at $25.3 million, redirected to leading exchanges Bitstamp, Coinbase, and Kraken.&nbsp; 
What’s particularly striking is the efficiency of these transactions—a notable <a href="https://www.cryptotimes.io/2024/06/25/germanys-govt-sells-900-bitcoin-54m-to-coinbase-kraken/" target="_blank" rel="noreferrer noopener">900 Bitcoins, worth $54 million</a>, were swiftly offloaded to Coinbase and Kraken within a mere 20 minutes on June 25 alone.

German Govt Moves Another 282 BTC to Kraken, Bitstamp & Coinbase

The Crypto Times

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