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Current Developments in Bitcoin and Ethereum? As Germany Persists in Bitcoin Sales, the USA Shifts its Ethereum!
Based on information from Arkham data, the German Government conducted a Bitcoin transfer, while the US government engaged in an Ethereum transfer.
By Elif Azra Güven
July 1, 2024 – 08:57
Last Updated:
43 seconds ago
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Continuing from its previous actions, the German government proceeds with Bitcoin (BTC) sales. According to Arkham Intelligence, an on-chain data and analysis provider, a wallet associated with the German government executed another Bitcoin transfer.
Arkham Intelligence data reveals that the German government transferred a sum of 400 BTC valued at around $25.28 million to Bitstamp, Coinbase, and Kraken today.
The data further discloses that German authorities completed consecutive transactions by sending 600 BTC and 500 BTC to an unidentified address, while moving 200 BTC to Bitstamp, 100 BTC to Coinbase, and 100 BTC to Kraken.
Over the past two weeks, the German Government has funneled over 2,700 BTC to various cryptocurrency exchanges.
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Germany Sustains Momentum in Bitcoin Ventures: Unveiling the Latest Million-Dollar Transaction!
Currently, the German Government holds 44,692 BTC valued at $2.81 billion.
Ethereum Transaction from the USA!
Similarly, based on Arkham data, the wallet labeled as the US Government, under the address “0x05…e049,” transferred 3,375 thousand Ethereum valued at approximately $11.75 million to the address “0x5a…1871,” whose identity remains undisclosed.
This address contains confiscated funds from Estonian crypto entrepreneurs Potapenko and Turogin. Previously, another US government address that held seized funds transferred 11.84 BTC to 3KHnTq…muuso9.
The US Government’s wallet no longer contains any ETH.
*This does not constitute investment advice.
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