Germany drops to fifth in global government Bitcoin holdings after further 750 BTC sell-off


Quick
Take

The

German
government
has
recently
offloaded
a
significant
amount
of
Bitcoin,
according
to
data
reported
by

Lookonchain
and
sourced
from
Arkham
Intelligence.
The
data
indicates
that
the
government
transferred
750
BTC,
valued
at
approximately
$46.35
million.
Out
of
this,
250
BTC
(worth
$15.41
million)
were
sent
to
the
exchanges
Bitstamp
and
Kraken.

Additionally,
Lookonchain
noted
a
minor
transaction
of
0.001
BTC
to
Flow
Traders,
which
is
likely
a
test
transaction.
This
suggests
that
the
German
government
may
be
preparing
to
sell
Bitcoin
through
Flow
Traders,
further
indicating
their
active
management
and
disposition
strategy
regarding
their
Bitcoin
reserves.

How To Get Free Crypto  
German
Government
Transactions:
(Source:
Lookonchain,
Arkham
Intelligence)

Glassnode
data
shows
that
the
German
government
holds
a
substantial
amount
of
Bitcoin,
totaling
45,609
BTC,
valued
at
around
$2.8
billion.
This
significant
holding
illustrates
Germany’s
substantial
involvement
in
the
digital
assets
market.

According
to

Bitcointreasuries,
governments
worldwide
hold
approximately
565,000
BTC.
Germany
is
now
the
fifth-largest
government
holder,
falling
below
Ukraine,
which
holds
around
46,351
BTC.

Government Total
United
States
213,246
BTC
China 190,000
BTC
United
Kingdom
61,000
BTC
Ukraine
(various)
46,351
BTC
Germany 45,601
BTC
El
Salvador
5,779
BTC
Bhutan 621
BTC
Venezuela 240
BTC
Finland 90
BTC
Georgia 66
BTC

Source:
bitcointreasuries.net

Go to Source
Author: James Van Straten


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