German Government’s Bitcoin Activity
The post German Government’s Bitcoin Activity appeared first on Coinpedia Fintech News
In the past 24 hours, the German government’s Bitcoin wallet has been notably active, transferring out 6,307 BTC ($362.1M) and receiving 2,810 BTC ($161.6M). This suggests a net sale of 3,497 BTC ($200.5M), reducing their current holdings to 23,964 BTC ($1.38B).
From June 19 to July 5: The German, US, and Mt. Gox wallets collectively moved 17,788 BTC ($1.08B).
July 7: The German Govt transferred 700 BTC ($40.47M).
July 8: Another transfer of 1,000 BTC ($55.8M), with 500 BTC ($27.9M) deposited to Coinbase and Bitstamp.
July 9: German Govt transferred out 16,039 BTC ($915.3M) and received 3,673 BTC ($206.5M), indicating a net sale of 12,366 BTC ($708.8M), with current holdings at 27,461 BTC ($1.55B).
This consistent and substantial activity, including a recent intraday growth of 2.01% and a 5.91% rise over three days, trading at $59,195, hints at a strategic positioning possibly preparing for market movements post a recent 10.92% correction.
