German Government Transfers $110.8 Million Worth of Bitcoin to Exchanges, Prompting Market Decline

The German Government recently moved $110.8 million in Bitcoin (BTC) to various exchanges over a 2-day span. On-chain data and analytics firm Arkham tagged an address linked to Germany’s Federal Criminal Police Office (BKA), which initially transferred 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd”. Subsequently, the government moved 1,700 BTC worth $110.8 million to exchanges such

Source: CoinOtag