Germany Selling More Bitcoin After Dumping $170 Million: Arkham - Decrypt
decrypt.co
German authorities appear to be offloading more Bitcoin, according to on-chain analysis, after previously dumping about $170 million worth of the cryptocurrency in the past week. The country’s Federal Criminal Police Office (BKA) transferred 400 BTC, worth about $25 million, to cryptocurrency exchan
1 Users
0 Comments
6 Highlights
0 Notes
Top Highlights
- German authorities appear to be offloading more Bitcoin, according to on-chain analysis, after previously dumping about $170 million worth of the cryptocurrency in the past week.
- The country’s Federal Criminal Police Office (BKA) transferred 400 BTC, worth about $25 million, to cryptocurrency exchanges Coinbase and Kraken on Tuesday.
- Another 500 BTC (over $30 million worth) was moved to an unknown address, according to blockchain monitoring service Arkham.
- In March, Bitcoin spiked to an all-time high of $73,797 before pulling back. But then it slumped to $56,527 in May before rallying to above $64,000.
- “Currently, the German Government holds 46,359 BTC, worth $2.8 billion at current prices,” Arkham said on Twitter.
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.