German Government Moves $172 Million in Bitcoin to Exchanges and Wallets

A cryptocurrency wallet associated with the German government transferred over 3,000 Bitcoin, valued at more than $172 million, to various crypto exchanges and a separate wallet. On July 4, blockchain investigator PeckShieldAlert reported a substantial outbound transfer of 1,300 Bitcoin from a wallet labeled as belonging to the “German Government (BKA).” These Bitcoin, worth $75 million, were distributed among three major crypto exchanges: Coinbase, Kraken, and Bitstamp. Further investigation by Cointelegraph revealed that the German government wallet also transferred an additional 1,700 BTC to a different wallet address simultaneously. The PeckShield team later confirmed this to Cointelegraph, stating: “Total 3K

Source: CryptoIntelligence