Germany Transferred Bitcoin Worth Over $75 Million

The wallet belonging to the German government, designated as "German Government (BKA)" has again transferred Bitcoin (BTC) tokens to some crypto exchanges, but this time in larger quantities.

On July 4, transfers totaling 1,300 BTC were made from the said wallet.

The first transaction, consisting of 500 BTC, was sent to the crypto exchange Bitstamp, followed by another transaction of 400 BTC, but to Kraken.

Shortly after, another 400 BTC was transferred to Kraken, bringing the total amount of transfers to the crypto exchanges in question to around $75.53 million.

After these latest transfers, the wallet still holds 43,359 BTC at an average price of $58,100, based on data from Arkham Intelligence.

This isn’t the first time the country has trasferred Bitcoin to exchanges this week. On July 1, 400 BTC was sent, and just a day after that , another 282.7 BTC.

Alexander Stefanov