Transferred another 3,000 Bitcoins! More than $300 million has flowed out of German government wallets in the past two weeks

On-chain tracking data shows that another 3,000 Bitcoins were flowed out of the German government’s wallet address today (4th), worth approximately US$175 million, part of which was transferred to cryptocurrency exchanges, further demonstrating the tendency of “selling coins for cash” intention.

Data tracked by the blockchain data analysis platform Arkham Intelligence shows that the German Federal Criminal Police Office (BKA) sent a request to an unknown address starting with "139PoP" (which has not yet been marked, but may belong to An exchange) sent 1,700 Bitcoins.

Meanwhile, German authorities also sent 500 Bitcoins to Bitstamp; 400 Bitcoins to Coinbase, and 400 Bitcoins to Kraken.

In the past two weeks, the German authorities have sent more than $300 million worth of Bitcoin to these three exchanges and addresses starting with "139PoP", and currently still hold 40,359 Bitcoins. Valued at approximately US$2.32 billion.

Cryptocurrency traders are paying close attention to the wallet movements of the German and US governments, as well as Mt.Gox. According to CoinGecko data, Bitcoin fell 4.2% to around $57,645 at the time of writing.

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