2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>The German government moved to sell another 1,000 BTC worth $55.8M.</strong></li>
 <li><strong>This latest sale reduces their Bitcoin holdings to 38,826 BTC, valued at around $2.17, from 45K BTC last month.</strong></li>
 <li><strong>The latest sale comes amid the value of Bitcoin crashing to $55K today.</strong></li>
</ul>
<p>The German government has just orchestrated another massive Bitcoin sale, liquidating 1,000 BTC tokens worth approximately $55.8 million in transactions that took place within the past hour.</p>
<p>Crypto surveillance account Lookonchain called attention to the development in a post on X, <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">citing data</a> from the intelligence platform Arkham. The data indicates that the German government offloaded the transferred Bitcoin via popular cryptocurrency exchanges Coinbase, Bitstamp, and an over-the-counter (OTC) entity.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government transferred 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($55.8M) out again 15 minutes ago, of which 500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($27.9M) was deposited to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a> and <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitstamp</a>.<br><br>The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government currently holds 38,826 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($2.17B).<a href="https://t.co/h2JlBVFPsL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/h2JlBVFPsL</a> <a href="https://t.co/NS5pkMixrj" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NS5pkMixrj</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1810208331862290529?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This latest sale brings the German government’s Bitcoin holdings down to 38,826 BTC, currently valued at appro…</p>
<p>The post <a href="https://coinedition.com/bitcoin-bombshell-german-government-strikes-again-with-massive-btc-dump/" rel="noopener noreferrer nofollow">Bitcoin Bombshell: German Government Strikes Again with Massive BTC Dump</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Bombshell: German Government Strikes Again with Massive BTC Dump

Coin Edition

Other articles published on Jul 8, 2024

COLLE AI Joins BlackRock’s BUIDL Fund, Signaling Growing Interest in AI-Driven NFTs

Peter Schiff Claims Bitcoin Whales Set Up ETF Investors As “Bag Holders”

CPI Impact on Crypto This Week Could Turn The Market - Ft/ Paul Barron (Video) Analysis

Shiba Inu vs. Fake SHIB: A Guide to Protecting Your Crypto Investment

Action Needed from Ripple (XRP) Holders Beyond Hoping for Price Recovery – Expert

Peter Brandt Raises The Possibility Of BTC Completing Double-Top Pattern

Join our free newsletter for daily crypto updates!