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German Government Sells $195M In Bitcoin, Has $3B Left

Benzinga ·  Jun 21 02:19

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...

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