Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home ยป German Government Shakes Market with Over 425 Billion Bitcoin Transaction
    Bitcoin

    German Government Shakes Market with Over 425 Billion Bitcoin Transaction

    By adminJun. 20, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    German Government Shakes Market with Over 425 Billion Bitcoin Transaction
    German Government Shakes Market with Over 425 Billion Bitcoin Transaction
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The large-scale Bitcoin (BTC) transactions initiated by a wallet labeled as “German Government (BKA)” by the online analytics company Arkham have caught the attention of the crypto community.

    It is speculated that the German government may be liquidating some of its Bitcoin holdings. The wallet transferred approximately 6,500 BTC, worth around $42.55 billion, with the address balance prior to the transaction being approximately 50,000 BTC.

    According to Arkham, these funds are likely to originate from the assets of movie2k, just like the ones discovered earlier this year by the Saxony police in Germany, which seized 50,000 BTC from the operators of the piracy website.

    The German government is now in possession of nearly 50,000 BTC ($2.12 billion) from the operator, as revealed by the Federal Criminal Police Office (BKA) of Germany. The BKA received the Bitcoin from the operator in mid-January after “voluntary…” measures.

    Yesterday, the German government’s wallet carried out three significant transactions. Initially, 6,500 BTC was sent to an address labeled “BC1q0”, followed by 2,359 BTC transferred to its own address.

    Read more:

    This could be the creator of a new cryptocurrency associated with Donald Trump.

    Subsequently, the wallet “BC1q0” moved 2,500 BTC to another address, “BC1QQ”. Then, he distributed 500 BTC to various recipients, including cryptocurrency exchanges Kraken and Bitstamp, as well as two unknown addresses.

    Despite these transactions, the main wallet still holds 43,359 BTC, valued at approximately $283 million. Interestingly, only 1,000 BTC were transferred to centralized exchanges, presumably for selling purposes.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleBinance Announces Removal of Three Trading Pairs from Its Platform
    Next Article Coinbase Holds a Significant Quantity of Bitcoin

    Related Posts

    Bitcoin Market Shows Signs of Cooling in Week 32 as Liquidity Diminishes and Sellers Lose Momentum

    Aug. 6, 2025

    Binance BTC Metrics Indicate Decreasing Sell Pressure and Possible Market Recovery

    Aug. 5, 2025

    Potential Tax Reform for Bitcoin Mining Indicated in White House Crypto Report May Transform the Industry

    Aug. 5, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.