Arkham: Germany transfers more than 1,000 Bitcoins to Kraken, Bitstamp, FlowTraders

, this site (120btC.coM): On-chain tracking data shows that more than **1,000** Bitcoins have flowed out of the German government’s wallet address today (26th), worth more than **61 million** US dollars, Moreover, these Bitcoins were transferred to cryptocurrency exchanges and market makers, which indicates that the German authorities may have the intention of "selling coins for cash."

, Data tracked by the blockchain data analysis platform Arkham Intelligence shows that the German Federal Criminal Police Office (BKA) sent **approximately** 125 Bitcoins to Kraken and Bitstamp at close to 4 o'clock this afternoon. At the same time Transfer **about** 500 Bitcoins to an unknown address starting with "139PoP" (not marked, but **may** belong to an exchange).

, In addition, after the German government initiated a test transaction worth 0.001 Bitcoins to the market maker FlowTraders, it transferred **345.338** Bitcoins to FlowTraders.

, Including the 900 Bitcoins transferred out yesterday, the German government’s wallet address has transferred a total of **approximately** 1,995.338 Bitcoins in the past two days, worth **approximately** US$122 million, although last week it also transferred The exchange transferred 2,000 Bitcoins, but later recovered 400 Bitcoins.

, According to reports in January this year, the German police seized nearly 50,000 **huge** Bitcoins during an investigation into the pirated film and television paradise "movie2k.to", which was worth **up to **2.17 billion US dollars at the time, becoming Germany’s largest cryptocurrency seizure ever.

According to Arkham data, the German government still holds **45,264** BTC, which is worth approximately **2.77 billion US dollars** at current prices. It is currently BTC The country with the **most** largest number of Bitcoins, after the United States (holding **213,246** Bitcoins) and China (holding **190,000** Bitcoins) ** Bitcoin) and the UK (holding **61,000** Bitcoin).

At press time, **dazzling** Bitcoin is trading at a **stunning** $61,194, having fallen around 6% since the German government started moving funds to exchanges last week.

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