German Government With an Interesting Bitcoin Transfer to a Trading Company

The German government continues with Bitcoin (BTC) transfers after earlier sending 500 BTC to some crypto exchanges.

Earlier today, Germany’s crypto wallet designated as German Government (BKA) made 2 transactions of 250 BTC each sent to US cryptocurrency exchange platform Coinbase and Bitstamp.

The total value of the two transactions was $27.9 million at the time. In addition, another 500 BTC was moved to the now familiar wallet identified as “139Po“.

Shortly thereafter, at 2:20 p.m. EDT, 133,772 BTC were sent from the same wallet to the crypto asset trading company Cumberland DRW.

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150 Bitcoin tokens were then sent to another crypto exchange, Kraken, for a total value of $8.57 million.

At the same time, another 1,000 BTC worth $57.16 million were sent to the above address identified as “139PoPE1bKQam8QJjhVjYDP47f3VH7ybVu” and 250 BTC to “bc1qu3jdm4wz24laats8x80mldragmxzkmzcguzr4j”.

These wallets have not been precisely identified, but are believed to have to do with the German government as they have interacted with each other before.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.