According to data published by cryptocurrency analysis firm Arkham, the activity of Bitcoins held by the German government continues.
According to the data, Germany has sold over $195 million worth of Bitcoin so far.
The latest data shows that the German government has sent $65 million in the past two hours to two different groups suspected of being linked to the exchanges, including Coinbase.
Yesterday, Germany moved $600 million worth of BTC, of which $130 million was moved to four different cryptocurrency exchanges, including Kraken and Bitstamp.
Currently, according to data, Germany holds around $3.05 billion in BTC. It is not known whether the remaining amount will be transferred to cryptocurrency exchanges or the impact these will have on Bitcoin.
German police seized approximately 50,000 BTC, worth more than $2 billion at the time, from the operators of Movie2k.to, a pirated movie site active in 2013. According to Arkham, police received the Bitcoin in mid-January following a “voluntary transfer” by the suspects.
*This is not investment advice.
