German Government Preparing to Sell Another $276M in Bitcoin
Continuing their trend of offloading the leading cryptocurrency, the German government is preparing to sell another $276 million worth of Bitcoin. Indeed, the country has already sent more than 6300 BTC to four different addresses early Tuesday, according to Arkham Intelligence. The platform revealed that the government had sent the BTC accumulations to Kraken, Cumberland, institutional deposit service 139Po, and wallet address bc1qu. Moreover, Germany had sent as much as $184 million in BTC in 20 minutes. The government address used to sell the holdings currently has 4,800 Bitcoin worth $276 million that they are preparing to sell. TODAY: German Government selling up to 6306.9 BTC ($362.12M) In the past 3 hours, the German Government has sent 6306.9 BTC ($362.12M) to Kraken, Cumberland, 139Po (likely institutional deposit/OTC service) and address bc1qu. Of this, 3206.9 BTC ($184.58M) has been sent within… pic.twitter.com/6SmhMDElNZ — Arkham (@ArkhamIntel) July 9, 2024 Also Read:...