German gov’t prepares for next $276M BTC sell-off

The German government moved 3,100 BTC worth $178 million in one hour, with more sell-offs likely imminent.

The German government has continued its Bitcoin off-loading pattern after sending out roughly 3,100 BTC worth around $178 million in the span of an hour.

Within the same span of time, the government also withdrew roughly 1,700 Bitcoin (BTC) worth around $91.78 million from Bitstamp, recouping BTC holdings from the exchange.

While writing, the German government has also shifted a further 3,107 BTC out of its main holdings, likely preparing for a further sell-off in today’s market.

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The German government moved 3,100 BTC worth $178 million in one hour, with more sell-offs likely imminent.
The German government has continued its Bitcoin off-loading pattern after sending out roughly 3,100 BTC worth around $178 million in the span of an hour.Within the same span of time, the government also withdrew roughly 1,700 Bitcoin (BTC) worth around $91.78 million from Bitstamp, recouping BTC holdings from the exchange.While writing, the German government has also shifted a further 3,107 BTC out of its main holdings, likely preparing for a further sell-off in today’s market.Read more