German government offloads 832.7 BTC, reduces Bitcoin holdings to 43,859 BTC

Quick Take

According to Lookonchain, the German government has made another significant Bitcoin transfer, moving an additional 832.7 BTC (valued at $52 million) on July 2. Of this total, 282.7 BTC ($17.65 million) were sent to major exchanges like Bitstamp, Kraken, and Coinbase.

According to Glassnode data, the German government originally held 49,858 BTC on Jan. 16. With this recent transfer, they sold 5,999 BTC, reducing their balance to 43,859 BTC.

These actions highlight Germany’s ongoing engagement with digital assets, possibly to manage its holdings or to influence market forces.

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