Millions in Seized Bitcoin Moved to Kraken by German Authorities

• German gov’s BTC transfers indicate active liquidation strategies, sending $15.41M to Bitstamp and Kraken.
• Total $150M BTC moved to exchanges; 45,609 BTC ($2.8B) still held by Germany, a top nation-state Bitcoin holder.
• BTC price dips slightly amid German transfers and upcoming Mt. Gox $9B distribution, influencing market trends.

The German government has transferred $15.41 million worth of Bitcoin to cryptocurrency exchanges Bitstamp and Kraken, raising questions about the authorities’ plans for their substantial Bitcoin holdings.

This transfer is part of a larger movement of 750 BTC ($46.35 million) initiated by authorities earlier.

The German Government transferred 750 $BTC($46.35M) out again, of which 250 $BTC($15.41M) was transferred to #Bitstamp and #Kraken.

German Government currently holds 45,609 $BTC($2.81B).

The German Government also transferred 0.001 $BTC to Flow Traders, which may be a test… pic.twitter.com/F0CFUDPQoP

— Lookonchain (@lookonchain) June 26, 2024

According to Arkham, the on-chain analytics provider, the German Federal Criminal Police Office (BKA) sent 125 BTC ($7.7 million) to each exchange at around 7:52 a.m. UTC. Additional…

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