All
Contribute!
BlockchainCrypto MarketCryptocurrency

German governmental bodies still hold 18,110 BTC amid post-seizure management

CoinSurges
By CoinSurges

Share This Post

Quick Take

On July 10, the German government moved a large portion of its Bitcoin, totaling 5,853.5 BTC, valued at approximately $343.91 million, according to Arkham Intelligence. In the latest transaction, 750 BTC was sent to address 139Po, which Arkham Intelligence suggests could be an institutional deposit or over-the-counter (OTC) deal.

German Government Transactions: (Source: Arkham Intelligence)
German Government Transactions: (Source: Arkham Intelligence)

Currently, the German government holds 18,110 BTC, according to Glassnode. This significant holding stems from the seizure of roughly 50,000 BTC in January.

German Government Balance: (Source: Glassnode)
German Government Balance: (Source: Glassnode)

However, the sales may not be influenced directly by the national government of Germany but rather by the state of Saxony. The Criminal Police Office (BKA), as tagged on Arkham Intelligence’s dashboard, has been overseeing these transactions as part of an ongoing and strategic management of seized Bitcoin by governmental bodies.

The post German governmental bodies still hold 18,110 BTC amid post-seizure management appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up

The Bitcoin futures market is seeing a rise in leverage, which may signal an impending short squeeze that could lead to a bullish rally, according to a recent report by a CryptoQuant analyst, known

Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals

Lido Finance reported that its total value locked (TVL) increased by 1083% over the past week, reaching $2518 billion as of Sept 23 This growth is primarily attributed to a rise in Ethereum’s

Polymarket eyes $50M funding round, hints at potential token launch – report

Polymarket is reportedly looking to launch a token amid talks of raising $50 million in new funding, according to The Information According to the report, the decentralized marketplace may offer

Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next?

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has led the market recovery with its surge to the $63,000 mark Following the recent developments, the flagship cryptocurrency’s

Stepn Partners With Adidas for Genesis Sneakers NFT Launch

Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection Stepn qualified this new partnership as

Here’s How Many New Bitcoin Millionaires Have Been Made In 2024

With the market recovery in 2024, the number of newly minted Bitcoin millionaires have been on the rise Given that the BTC price actually touched a new all-time high this year, the number of Bitcoin
Previous article
New exchange listings suffer due to regulatory pressure in EU
Next article
Bitcoin.com Relaunches Discord Community Channel With Exciting Prizes

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.