2024

Bitcoin

Million

<p>Today, the German Government made a significant <a href="https://x.com/lookonchain/status/1808793462575411233" target="_blank">move </a>in the cryptocurrency market by transferring 3,000 Bitcoins, valued at approximately $174 million. Out of this total, 1,300 Bitcoins, worth around $75.5 million, were sent to major cryptocurrency exchanges Bitstamp, Coinbase, and Kraken. Lookonchain, a platform that tracks cryptocurrency movements, confirmed this information.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">The German Government transferred 3,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>($174M) out again, of which 1,300 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>($75.5M) was transferred to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitstamp</a>, <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Coinbase</a> and <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Kraken</a>.<br><br>German Government currently holds 40,359 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>($2.33B).<a href="https://t.co/x0aJljKn2C" target="_blank">https://t.co/x0aJljKn2C</a> <a href="https://t.co/Bk6oDEmGOa" target="_blank">pic.twitter.com/Bk6oDEmGOa</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808793462575411233?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Specifically, the German Government transferred 832.7 Bitcoins today, worth roughly $52 million. Of these, 282.7 Bitcoins, valued at about $17.65 million, were directed to the major exchanges. This move is part of the Government’s continuous management of its cryptocurrency holdings.</p> 
<h2 class="wp-block-heading" id="previous-transfers-and-current-holdings">Previous Transfers and Current Holdings</h2> 
<p><a href="https://blockchainreporter.net/german-government-transfers-hundreds-of-btc/">As earlier reported</a>, two days ago, the German Government transferred 832.7 Bitcoins, valued at approximately $52 million. Of this, 282.7 Bitcoins were sent to major exchanges such as Bitstamp, Coinbase, and Kraken, worth around $17.65 million. Currently, the German Government holds a substantial 43,859 Bitcoins, which amounts to $2.74 billion. This latest transfer indicates a portion of the total <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778">Bitcoin</a> holdings, as previously reported, was 40,359 Bitcoins worth $2.33 billion.</p> 
<p>Market analysts and investors closely watch such large-scale transfers by governments and other institutions due to their potential impact on the market. These actions can significantly influence trading activities and market trends. The German Government’s activity in the cryptocurrency market underscores the increasing importance of digital currencies in global finance. Governments worldwide are exploring ways to regulate and incorporate cryptocurrencies into their financial systems.</p>

German Government Transfers 3,000 BTC Worth $174 Million

Table of Contents

BlockchainReporter

Other articles published on Jul 4, 2024

Coinbase Challenges SEC on Gensler Communication Discovery

German Lawmaker Wants Government To HODL Bitcoin (BTC), Not Sell

Jeo Boden Price Plummets 22% As Polymarket Bets On Joe Biden’s Exit Surge, And Experts Say This I...

🚀 Development Update: As of July 1st , 2024🚀

Is Pandiana Poised To Become Solana’s Next Viral Meme Coin?

Analysts Review Solana’s Current Trends

Join our free newsletter for daily crypto updates!