(Wed 10 July 2024, 12:23 PM GMT):
In the cryptocurrency market today, the German government has been on a major selling mode. According to Arkham Intelligence, the government has sent another 2,000 BTC, worth approximately $117.3 million, to major exchanges like Coinbase, Kraken, and 139Po in the past hour.
The German Government lost its “Bitcoin billionaire” status today.
— Arkham (@ArkhamIntel) July 10, 2024
In the past hour, they have sent another 2000 BTC ($117.3M) to Coinbase, Kraken and 139Po.
They now have 13,360 BTC ($784.96M) remaining – that’s 26.8% of the Bitcoin originally seized from Movie2k. pic.twitter.com/ZbA2wuzQhi
As of now, the German government holds 13,110 BTC, valued at around $766.52 million, Which marks that the German Government lost its “Bitcoin Billionaire” status today . This is 26.8% of the total Bitcoin originally seized from Movie2k, marking a notable reduction in their holdings.
The government’s decision to sell such a large amount of Bitcoin has led to a flurry of transactions in the past 24 hours. Despite this, Bitcoin has shown resilience. The price of Bitcoin has surged over $58,000, currently trading at $58,473, up by 1.74% in the last 24 hours.
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