Millions in Seized Bitcoin Moved to Kraken by German Authorities
- German gov’s BTC transfers indicate active liquidation strategies, sending $15.41M to Bitstamp and Kraken.
- Total $150M BTC moved to exchanges; 45,609 BTC ($2.8B) still held by Germany, a top nation-state Bitcoin holder.
- BTC price dips slightly amid German transfers and upcoming Mt. Gox $9B distribution, influencing market trends.
The German government has transferred $15.41 million worth of Bitcoin to cryptocurrency exchanges Bitstamp and Kraken, raising questions about the authorities’ plans for their substantial Bitcoin holdings.
This transfer is part of a larger movement of 750 BTC ($46.35 million) initiated by authorities earlier.
According to Arkham, the on-chain analytics provider, the German Federal Criminal Police Office (BKA) sent 125 BTC ($7.7 million) to each exchange at around 7:52 a.m. UTC. Additional…
The post Millions in Seized Bitcoin Moved to Kraken by German Authorities appeared first on Coin Edition.
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Millions in Seized Bitcoin Moved to Kraken by German Authorities
- German gov’s BTC transfers indicate active liquidation strategies, sending $15.41M to Bitstamp and Kraken.
- Total $150M BTC moved to exchanges; 45,609 BTC ($2.8B) still held by Germany, a top nation-state Bitcoin holder.
- BTC price dips slightly amid German transfers and upcoming Mt. Gox $9B distribution, influencing market trends.
The German government has transferred $15.41 million worth of Bitcoin to cryptocurrency exchanges Bitstamp and Kraken, raising questions about the authorities’ plans for their substantial Bitcoin holdings.
This transfer is part of a larger movement of 750 BTC ($46.35 million) initiated by authorities earlier.
According to Arkham, the on-chain analytics provider, the German Federal Criminal Police Office (BKA) sent 125 BTC ($7.7 million) to each exchange at around 7:52 a.m. UTC. Additional…
The post Millions in Seized Bitcoin Moved to Kraken by German Authorities appeared first on Coin Edition.
Read More