Germany completes liquidation of $2.9b in Bitcoin holdings
Germany has finally sold off the last of its Bitcoin stash on July 12, 2024. According to Arkham Intelligence, the final sale included 3,846 Bitcoin transferred to “Flow Traders” and “139Po,” described as institutional deposit and OTC service.
This wraps up a few intense weeks where the German government sold tens of thousands of Bitcoin in multiple transactions. The German government has been dumping Bitcoin for the last three weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin surges to $58,000 amid renewed ETF inflows
Putin Officially Legalized Cryptocurrency Mining in Russia
Bitcoin Report from JPMorgan Analysts: 'Institutional Investors Support Bitcoin!'
JPMorgan analysts led by Nikolaos Panigirtzoglou attributed Bitcoin's recovery to support from institutional investors.
Brazil’s SEC Approves The Country’s First Solana ETF