Germany moved 52 million worth of Bitcoin and tactfully dumped 17. Around 65 million on major exchanges.
Lookonchain also highlighted on July 2 that the German government made a massive Bitcoin transaction by transferring 832.7 BTC worth 52 million USD, including 282.7 BTC ($17. 65 million) to large trading platforms like Bitstamp, Kraken, and Coinbase.
According to the Glassnode statistics, the German government held 49,858 BTC on January 16. Which currently stands at 43,859 BTC, down from 49,858 BTC after the transfer they made a few days ago where they sold 5,999 BTC.
All these actions suggest that Germany remains an active participant in the digital asset space, possibly to control the extent of its exposure or shape the environment in which these assets operate.
