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 operation in 2013. Arkham Intelligence has determined that the address used for these transactions allegedly belongs to the Germany’s Federal Criminal Police Office (BKA). Despite these substantial transfers, the majority of the seized funds, approximately 44,692 bitcoin worth around $2.82 billion, remains under German government control.
German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
