News list for " the German government"
The German government currently holds less than 10,000 BTC, down from 18% less than a month ago.
According to on-chain analyst Ember, the German government has transferred 4,338.7 BTC (246.59 million USD) to exchanges and market makers today. This is the most BTC transfers since they started selling coins on 6/19.
Justin Sun tweeted that he is willing to negotiate with the German government to buy all bitcoin over the counter to minimize the impact on the market.
Some analysts believe that the German government's massive sell-off of bitcoin is responsible for the downturn in the cryptocurrency market, in addition to traders' concerns that the stock market may have peaked and the U.S. fiscal situation is weakening. According to former on-chain crypto analysis firm Arkham, a wallet linked to the German government transferred 6,500 BTC, worth $425 million at the time, to the exchange on June 19. The wallet held nearly 50,000 BTC, which was allegedly seized ...
