German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow

Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers … Read more

German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve

According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling Pressure The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits … Read more

German Government Liquidates $741M in Bitcoin Holdings

Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in … Read more

German Government Moves 1,205 Bitcoin Amid Price Fluctuations

According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $68.9 million. The funds were distributed to multiple addresses, including Coinbase and Bitstamp. Germany Divests Another $68 Million in Bitcoin As of 7 a.m. EDT on Monday, the German government’s wallet now holds 1,205 BTC less than it did yesterday, … Read more

Robinhood Moves Forward With Acquisition of Bitstamp

Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several … Read more

German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken

The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led to speculation about the government’s intention to liquidate some of its bitcoin holdings, originally seized in a large-scale … Read more

German Law Enforcement Transfers $425M in Bitcoin From Seized Funds

Onchain data reveals that an entity likely tied to Germany’s Federal Criminal Police Office (BKA) transferred 6,500 bitcoin, valued at approximately $425 million, on June 19. Arkham Intelligence identified the address on Jan. 31 through its onchain monitoring systems. German Authorities Transfer Seized Bitcoin About four months ago, Arkham Intelligence announced on the social media … Read more

Bitcoin Dips Below $70K, Reaches $68,450 Low, $86M in BTC Longs Liquidated

The price of bitcoin fell on Friday afternoon after spending several days above the $70,000 mark. The value dropped to $68,450 on Bitstamp, currently down $1,700 from its intraday high. Bitcoin’s Sudden Drop Impacts Entire Crypto Economy Wipes Out $454M in Longs Bitcoin (BTC) plummeted to a low of $68,450 per unit after reaching the … Read more