TechFlow reported, according to Arkham monitoring, that the German government transferred 6,306.9 BTC worth approximately $362 million to multiple addresses over the past three hours today. These BTC were sent to Kraken, Cumberland, the suspected institutional deposit/OTC service address 139Po, and address bc1qu. Of this amount, 3,206.9 BTC (worth about $185 million) was transferred within the last 20 minutes.
Since yesterday's transfers, the German government has withdrawn 5,366 BTC from exchanges including Kraken, Bitstamp, and Coinbase. The German government currently holds 22,847 BTC, valued at approximately $1.32 billion.
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