German Government Sold 300 BTC Over Last 10 Days
The post German Government Sold 300 BTC Over Last 10 Days appeared first on Coinpedia Fintech News
The German government offloaded an additional 1,500 BTC, valued at $94.7 million, on July 1. Out of these 1500 BTC, it transferred 400 BTC to Bitstamp, Coinbase, and Kraken, adding to the over 2,500 BTC sold in recent weeks. Despite the sell-off, Germany’s Bitcoin holdings are valued at $2.8 billion, including $961 million in unrealized profit. Despite the German government’s sell-off, Bitcoin’s price has demonstrated resilience, surging above $62,000. The government has reportedly sold 3000 BTC worth $185M over the last 10 days.
