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MainNewsGermany’s Su...

Germany’s Surprise $111 Million Bitcoin Buyback


by CoinEdition
German Government Reclaims 1,915 Bitcoins from Major Exchanges
  • Germany’s government has purchased 1,915 BTC worth $111.5 million, reversing recent sales.
  • This buyback follows large-scale Bitcoin sales that had stirred market volatility.
  • Justin Sun, founder of Tron, proposed negotiating with the government to minimize market impact.

In a surprising reversal, the German government, known for the recent large-scale Bitcoin sell-offs, has just bought back a significant amount of the BTC. Data from Arkham Intelligence reveals a purchase of 1,915 BTC, worth $111.5 million, from major exchanges Kraken, Bitstamp, and Coinbase.

This move comes after weeks of high-profile Bitcoin sales by the German government, which had sparked market volatility and raised questions about their crypto strategy. The sudden buyback has ignited speculation and renewed optimism among Bitcoin investors worldwide.

The post Germany’s Surprise $111 Million Bitcoin Buyback appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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These Altcoins Retrace the Most as Bitcoin’s Rally Was Stopped at $95K (Weekend Watch)

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The total crypto market cap has declined by more than $70 billion since the local peak.
MainNewsGermany’s Su...

Germany’s Surprise $111 Million Bitcoin Buyback


by CoinEdition
German Government Reclaims 1,915 Bitcoins from Major Exchanges
  • Germany’s government has purchased 1,915 BTC worth $111.5 million, reversing recent sales.
  • This buyback follows large-scale Bitcoin sales that had stirred market volatility.
  • Justin Sun, founder of Tron, proposed negotiating with the government to minimize market impact.

In a surprising reversal, the German government, known for the recent large-scale Bitcoin sell-offs, has just bought back a significant amount of the BTC. Data from Arkham Intelligence reveals a purchase of 1,915 BTC, worth $111.5 million, from major exchanges Kraken, Bitstamp, and Coinbase.

This move comes after weeks of high-profile Bitcoin sales by the German government, which had sparked market volatility and raised questions about their crypto strategy. The sudden buyback has ignited speculation and renewed optimism among Bitcoin investors worldwide.

The post Germany’s Surprise $111 Million Bitcoin Buyback appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Chart of the Week: Tariff Carnage Starting to Fulfill Bitcoin's 'Store of Value' Promise

Chart of the Week: Tariff Carnage Starting to Fulfill Bitcoin's 'Store of Value' Promise

Traditional safe-haven assets like gold and the Swiss Franc have been joined by bitco...
These Altcoins Retrace the Most as Bitcoin’s Rally Was Stopped at $95K (Weekend Watch)

These Altcoins Retrace the Most as Bitcoin’s Rally Was Stopped at $95K (Weekend Watch)

The total crypto market cap has declined by more than $70 billion since the local peak.