BREAKING: Germany Sells Off All of its Bitcoin Holdings
12.07.2024 22:31 1 min. read Alexander Zdravkov
Bitcoin continues to surprise, and recent market events prove it can be as volatile as it is stable.
After all the market turbulence, a saga has come to an end.
The German government sold all its Bitcoin holdings, which were worth a total of $2.9 billion.
According to Arkham Intelligence, Germany’s wallet, designated as “BKA” has transferred its remaining 3,094 BTC to an over-the-counter selling service, effectively depleting all of its holdings.
BREAKING: The German Government is now out of Bitcoin.
The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).
The German Government has 0 BTC ($0.00M) remaining. pic.twitter.com/R2vfylR1b2
— Arkham (@ArkhamIntel) July 12, 2024
At the time of writing, Bitcoin is trading at $58,230, reporting a minimum 1% increase in the last 24 hours.
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