German Government Moves $172 Million in Bitcoin to Exchanges and Wallets
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 06 2024- Cryptocurrency Wallet Associated with German Government: Transferred over 3,000 Bitcoin, valued at more than $172 million, to various crypto exchanges and a separate wallet.
- Significant Outbound Transfer: 1,300 Bitcoin from a wallet labeled as belonging to the “German Government (BKA)” sent to major crypto exchanges: Coinbase, Kraken, and Bitstamp.
- Additional Transfer: An extra 1,700 BTC moved to a different wallet address simultaneously by the German government wallet.
- Government Involvement in Cryptocurrency Market: Governments like Germany have confiscated and auctioned off Bitcoin and other digital assets linked to criminal activities.
- Ongoing Transactions by Governments: Highlight the continued involvement of government entities in managing and liquidating seized digital assets in the cryptocurrency market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
