The recent activity of the German government reveals a significant transfer of 1,000 BTC valued at $55.8 million. This transfer was initiated following a series of BTC sales by the German government since mid-June, affecting the BTC price. The transfer involved splitting the 1,000 BTC into two transactions, with 500 BTC sent to Bitstamp and Coinbase, 250 BTC each, totaling approximately $27.9 million. The remaining 500 BTC was directed to an undisclosed address, speculated to be associated with an institution or over-the-counter (OTC) service provider. Currently, the German government holds a substantial amount of BTC, totaling 38,826 BTC valued at $2.17 billion.
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