German Government Transfers $25.3 Million in Bitcoin to Crypto Exchanges
On July 1, at 08:40 a.m., the wallet belonging to the German government known as the "German Goverment (BKA) transferred more Bitcoin (BTC) tokens to some crypto exchanges.
The first transaction, consisting of 100 BTC, was sent to the Kraken exchange, followed by another transaction of the same value but to Coinbase.
Immediately after that, another 200 BTC were transferred to Bitstamp, bringing the total amount of transfers to crypto exchanges to around $25.3 million.
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There were other transactions involving 500 BTC and 1,500 BTC, but these were internal or directed to the now familiar wallet identified as “139Po”.
Although the “139Po” wallet remains unidentified, the German government has interacted with it before.
After these latest transfers, the wallet still holds 44,692 BTC, based on data from Arkham Intelligence.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
