The German Government has taken a significant step by recently transferring 750 Bitcoin (BTC) worth approximately $46.27 million to various destinations, including prominent cryptocurrency exchanges private wallets. This move is part of a series of substantial digital asset transactions made by the government in the past week.
The majority of the transferred Bitcoin comprised 125 BTC sent to the Kraken exchange, 125 BTC directed to Bitstamp, and a noteworthy 500 BTC moved to a private wallet specifically as “139PoPE1bK.” Additionally, there was a minor test transaction 0.001 BTC sent to Flow Traders, indicating ongoing management practices for their digital assets. The German Government has now around 4,250 BTC out of its wallets with these transactions averaging at approximately $271.3 million.
Approximately 45 minutes ago, the German Government conducted another significant transfer involving 750 $BTC ($46.27M), which included:
• 125 $BTC sent to #Kraken
• 125 $BTC directed to #Bitstamp
• 500 $BTC allocated to wallet “139PoPE1bK”
• minor test transaction involving 0.001 $BTC sent to Flow Traders
Over the past week, approximately 4,250 $BTC (valued at ~$271.3M) have been…
(Source: https://t.co/J63Xsc8IC)
Bitcoin’s Reaction
According to statistics from IntoTheBlock,’s current price stands at $61,371.54 with a minimal daily change of +0.1% and an estimated market capitalization of around $1.21 trillion – illustrating its strong position in the cryptocurrency landscape.
When analyzing holders making money at this current price point; it’s observed that roughly 85% of Bitcoin holders are achieving gains while only about13% are experiencing losses—highlighting prevailing positive sentiment within the market.
Notably; large holders control about12%of Bitcoin’s total supply; indicating relatively decentralized holding patterns comparedto other cryptocurrencies where whale activity is more pronounced.Transactions are almost equally divided between Western and Eastern hemispheres –49% originating fromthe Westand51%fromthe East—showcasingBitcoin’s global reachand wide appeal.
Overthelastseven days,the market has witnessedtransactionsworth$77 .28 billionceedingthe$100 ,mark highlighting substantive institutionalor large-scale investor activities.Additionally,total inflows into exchanges amountto$6 .18 billioncomparedtooutflows totaling$6 .66 billion – suggestinga slightly higher inclination among investors towards holding or moving Bitcoin off exchanges—a potential indicatorofbullishsent.
Tags: #btc