Germany Sold Bitcoin Worth Over $350 Million in the Last Hours

And today, the wallet belonging to the German government, labeled "German Government (BKA)" continues the series of Bitcoin (BTC) sales.

On July 10 (around 1:30 pm EDT), transfers totaling 3,750 BTC were made from the said wallet to 2 of the major crypto exchanges and Flow Traders.

Flow Traders is a trading company acting as a market maker that provides liquidity to the securities market using high frequency and quantitative trading strategies.

The first transaction consisting of 375 BTC was sent to the crypto exchange Kraken. Shortly thereafter, the same amount of Bitcoin tokens was sent to the largest US exchange Coinbase.

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The transfer to Flow Traders was significantly larger – 3,000 BTC, which equates to about $176.26 million.

About 2 hours prior to these transactions, the German government sent another 750 BTC to Kraken ($44.06 million), 500 BTC ($29.38 million) to Coinbase, and 1,127.38 BTC ($66.23 million) on 2 occasions again to Flow Traders.

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.