Germany drops to fifth in global government Bitcoin holdings after further 750 BTC sell-off
Quick Take
The German government has recently offloaded a significant amount of Bitcoin, according to data reported by Lookonchain and sourced from Arkham Intelligence. The data indicates that the government transferred 750 BTC, valued at approximately $46.35 million. Out of this, 250 BTC (worth $15.41 million) were sent to the exchanges Bitstamp and Kraken.
Additionally, Lookonchain noted a minor transaction of 0.001 BTC to Flow Traders, which is likely a test transaction. This suggests that the German government may be preparing to sell Bitcoin through Flow Traders, further indicating their active management and disposition strategy regarding their Bitcoin reserves.
German Government Transactions: (Source: Lookonchain, Arkham Intelligence)
Glassnode data shows that the German government holds a substantial amount of Bitcoin, totaling 45,609 BTC, valued at around $2.8 billion. This significant holding illustrates Germany’s substantial involvement in the digital assets market.
Bitcoin: Germany Government Balance: (Source: Glassnode)
According to Bitcointreasuries, governments worldwide hold approximately 565,000 BTC. Germany is now the fifth-largest government holder, falling below Ukraine, which holds around 46,351 BTC.
Government
Total
United States
213,246 BTC
China
190,000 BTC
United Kingdom
61,000 BTC
Ukraine (various)
46,351 BTC
Germany
45,601 BTC
El Salvador
5,779 BTC
Bhutan
621 BTC
Venezuela
240 BTC
Finland
90 BTC
Georgia
66 BTC
Source: bitcointreasuries.net
The post Germany drops to fifth in global government Bitcoin holdings after further 750 BTC sell-off appeared first on CryptoSlate.
Quick Take The German government has recently offloaded a significant amount of Bitcoin, according to data reported by Lookonchain and sourced from Arkham Intelligence. The data indicates that the government transferred 750 BTC, valued at approximately $46.35 million. Out of this, 250 BTC (worth $15.41 million) were sent to the exchanges Bitstamp and Kraken. Additionally,
The post Germany drops to fifth in global government Bitcoin holdings after further 750 BTC sell-off appeared first on CryptoSlate.