05/07/2024
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Cryptocurrency
German government transferred $75 million worth of BTC to exchanges
After the US, now the German government has also transferred additional bitcoin to exchanges.
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According to a news report, the German government has transferred $75 million worth of BTC to exchanges.
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After which the total amount of recent sales of seized reserves has exceeded $390 million.
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The German Federal Criminal Police Office transferred about $75 million worth of BTC through several transactions on July 4, 2024.
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The funds were spread across several exchanges including Coinbase, Kraken and Bitstamp.
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This comes after the German government transferred about $315 million worth of BTC across platforms since mid-June 2024.
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In this way, Germany has sold more than $390 million in bitcoin (BTC) in less than a month.
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The amount transferred so far still leaves about 40,000 bitcoins in the German government's huge bitcoin reserves.
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