BREAKING: Germany Sells Off All of its Bitcoin Holdings

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Cryptodnes2024/07/12 20:43

By:Cryptodnes

Bitcoin continues to surprise, and recent market events prove it can be as volatile as it is stable.

After all the market turbulence, a saga has come to an end.

The German government sold all its Bitcoin holdings, which were worth a total of $2.9 billion.

According to Arkham Intelligence, Germany’s wallet, designated as “BKA” has transferred its remaining 3,094 BTC to an over-the-counter selling service, effectively depleting all of its holdings.

Here’s Who to Blame for Bitcoin’s Decline According to Matrixport Except Germany and Mt.Gox

BREAKING: The German Government is now out of Bitcoin.

The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).

The German Government has 0 BTC ($0.00M) remaining. pic.twitter.com/R2vfylR1b2

— Arkham (@ArkhamIntel) July 12, 2024

At the time of writing, Bitcoin is trading at $58,230, reporting a minimum 1% increase in the last 24 hours.

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