The German government recently sold a significant amount of Bitcoin, transferring 750 BTC worth approximately $46.35 million to various exchange locations, of which 250 BTC (worth $15.41 million) was sent to Bitstamp and Kraken.
The German Government transferred 750 $BTC($46.35M) out again, of which 250 $BTC($15.41M) was transferred to #Bitstamp and #Kraken.
German Government currently holds 45,609 $BTC($2.81B).
The German Government also transferred 0.001 $BTC to Flow Traders, which may be a test… pic.twitter.com/F0CFUDPQoP
— Lookonchain (@lookonchain) June 26, 2024
Additionally, Lookonchain noted a small transaction worth 0.001 BTC to Flow Traders, which may have been a test transaction. This suggests that the German government may be preparing to sell Bitcoin through Flow Traders, which further indicates their active management and disposal strategy regarding Bitcoin reserves.
Glassnode data shows that the German government holds large amounts of Bitcoin, totaling 45,609 BTC, worth approximately $2.8 billion, demonstrating Germany’s significant involvement in the digital asset market.
Governments worldwide hold approximately 565,000 BTC. Germany is currently the fifth largest government holder, behind Ukraine, which holds approximately 46,351 BTC.
| Government | total |
|---|---|
| USA | 213,246 BTC |
| China | 190,000 BTC |
| UK | 61,000 BTC |
| Ukraine (various) | 46,351 BTC |
| Virtue | 45,601 BTC |
| El Salvador | 5,779 BTC |
| Bhutan | 621 BTC |
| Venezuela | 240 BTC |
| Finland | 90 BTC |
| Georgia | 66 BTC |
Itadori
According to Cryptoslate
