The German government is likely to sell its Bitcoin as it moves the remaining BTC to centralized exchanges, alongside the largest transfer worth $32 million.
The wallet labeled by the German government first raised suspicions of a possible Bitcoin sale on June 19, when it moved 6,500 BTC worth more than $425 million. Prior to the transfer, the wallet had held nearly 50,000 BTC since February 2024, funds allegedly seized from the pirated movie website Movie2k.
