Government’s Bitcoin Wallet Sees Unexpected Inflow After Sell-Off

Government's Bitcoin Wallet Sees Unexpected Inflow After Sell-Off

  • Germany’s Bitcoin wallet received 2,442 BTC after a large outflow.
  • This suggests a strategic interplay with crypto exchanges.
  • Critics worry Germany’s Bitcoin sales lack a long-term strategy.

The German government’s recent Bitcoin transactions have sparked interest and debate in the crypto community. Following a substantial outflow of over 10,000 Bitcoins, the government’s wallet has seen a return of 2,442 Bitcoins, raising questions about the country’s strategy for managing its cryptocurrency holdings.

Reports indicate Germany’s government-controlled wallet received Bitcoins valued at roughly $141 million. This previous outflow was worth approximately $637.7 million at the time.



The previous day, the wallet responsible for managing these assets saw incoming transfers from various sources, including 903 Bitcoins from Kraken exchange. Additionally, 1,529 Bitcoins arrived from addresses not identified by Arkham Intelligence. Bitstamp, another cryptocurrency exchange, contributed 10 Bitcoins to this inflow.

The movement of these Bitcoins back into German government control suggests a dynamic…

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