The post Germany Government Dumping Its Bitcoin Holding Worth Over $3 Billion! appeared first on Coinpedia Fintech News
A wallet marked “German Government” has reportedly moved 6,500 BTCs worth $423 Million as per leading data platform Arkham. Further, there are also reports that the BTCs after being moved from other wallets were sent to Kraken and Bitstamp exchanges. Notably, the German Government confiscated the asset from the pirated film website, “Movie2K” during the …
The post Germany Government Dumping Its Bitcoin Holding Worth Over $3 Billion! appeared first on Coinpedia Fintech News
A wallet marked “German Government” has reportedly moved 6,500 BTCs worth $423 Million as per leading data platform Arkham. Further, there are also reports that the BTCs after being moved from other wallets were sent to Kraken and Bitstamp exchanges. Notably, the German Government confiscated the asset from the pirated film website, “Movie2K” during the start of 2024. With this, the volatility in the crypto market has increased as investors are now fearful of the German authorities as they are looking to dump their whale holding in the crypto market.
