On August 500, a German government wallet labeled “Bundeskriminalamt (BKA)” transferred 500 BTC to a cryptocurrency exchange, and an additional XNUMX BTC to a government-related address.
The initial transaction involved 250 BTC, sent to the US cryptocurrency exchange Coinbase, followed by another transaction of the same value sent to Bitstamp. The total value of these two transactions is approximately $279,000.
Additionally, another 500 BTC was transferred to a wallet now familiarly identified as “139bao”.
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Following these recent transfers, the wallet still holds 38,826 BTC, valued at $216 million.
Amid concerns in the investment community sparked by these sales, a familiar face in the cryptocurrency industry joked about Germany.
Recently, Justin Sun joked that Germany’s disappointing exit from the 2024 UEFA Euro quarter-finals might be related to their decision to “sell too much bitcoin”.
