The post German Government’s Bitcoin Activity appeared first on Coinpedia Fintech News
In the past 24 hours, the German government’s Bitcoin wallet has been notably active, transferring out 6,307 BTC ($362.1M) and receiving 2,810 BTC ($161.6M). This suggests a net sale of 3,497 BTC ($200.5M), reducing their current holdings to 23,964 BTC ($1.38B).
From June 19 to July 5: The German, US, and Mt. Gox wallets collectively moved 17,788 BTC ($1.08B).
July 7: The German Govt transferred 700 BTC ($40.47M).
July 8: Another transfer of 1,000 BTC ($55.8M), with 500 BTC ($27.9M) deposited to Coinbase and Bitstamp.
July 9: German Govt transferred out 16,039 BTC ($915.3M) and received 3,673 BTC ($206.5M), indicating a net sale of 12,366 BTC ($708.8M), with current holdings at 27,461 BTC ($1.55B).
This consistent and substantial activity, including a recent intraday growth of 2.01% and a 5.91% rise over three days, trading at $59,195, hints at a strategic positioning possibly preparing for market movements post a recent 10.92% correction.