Today, a wallet labeled as “German Government (BKA)” transferred a relatively small amount of Bitcoin (BTC) to 3 cryptocurrency exchanges.
The first transaction consisted of 100 BTC sent to the US cryptocurrency exchange Coinbase, followed by 150 BTC sent to Bitstamp. Shortly after, the wallet transferred 32.74 BTC to Kraken, bringing the total transaction amount on the involved cryptocurrency exchanges to around $176,000.
Additionally, the German government transferred another 550 BTC from a familiar wallet labeled as “139 Treasure.”
Read more:
[Image depicting Bitcoin miners transitioning to other cryptocurrencies]
These were withdrawn from the wallet yesterday to initiate further transfers to the same cryptocurrency exchanges, totaling 400 BTC ($253,000).
Following these recent transfers, the wallet still holds 43,859 BTC, with a total value of $274.5 million.
[Image depicting cryptocurrency exchange activity]