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Germany's Bitcoin wallet drops to 5,800 BTC after major sale

With 5,800 Bitcoin remaining, the German government has successfully sold 88.4% of the original 50,000.

The German government has resumed selling its Bitcoin holdings, beginning the process on July 12. This move follows the return of some previously transferred funds to the government’s Bitcoin wallet.

According to Arkham blockchain data, the German government executed multiple transactions, transferring a total of 3,200 Bitcoin (BTC) across various platforms. The transactions were confirmed at precisely 15:02 UTC+8.

The Bitcoin distribution had Bitstamp, Kraken, and Coinbase receiving 400 BTC each, totaling 1,200 BTC. Additionally, 1,000 BTC was sent to an address believed to belong to B2C2 Group, specifically address 139PoP…H7ybVu., and 500 BTC was transferred to an unmarked address, identified as bc1qu3…guzr4j.

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With 5,800 Bitcoin remaining, the German government has successfully sold 88.4% of the original 50,000.
The German government has resumed selling its Bitcoin holdings, beginning the process on July 12. This move follows the return of some previously transferred funds to the government’s Bitcoin wallet.According to Arkham blockchain data, the German government executed multiple transactions, transferring a total of 3,200 Bitcoin (BTC) across various platforms. The transactions were confirmed at precisely 15:02 UTC+8. The Bitcoin distribution had Bitstamp, Kraken, and Coinbase receiving 400 BTC each, totaling 1,200 BTC. Additionally, 1,000 BTC was sent to an address believed to belong to B2C2 Group, specifically address 139PoP…H7ybVu., and 500 BTC was transferred to an unmarked address, identified as bc1qu3…guzr4j. Read more  

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