The German government has intensified its liquidation ofBitcoin(CRYPTO: BTC) assets, generating significant market interest and raising questions about its long-term financial strategy.
According to fresh updates from blockchain intelligence firmArkham, the German authorities have sold Bitcoin worth over $195 million, with substantial transfers to major cryptocurrency exchanges such asCoinbase(NASDAQ:COIN),KrakenandBitstamp.
In the past 24 hours alone, the German government has moved $65 million in Bitcoin to likely exchange deposits, following a previous transfer of $130 million to four exchange deposits, including Kraken and Bitstamp.
These transactions are part of a broader liquidation strategy that saw...