The German government transferred 133.722 bitcoins to market maker Cumberland DRW today before sending 150 coins to crypto exchange Kraken and 1,000 coins to the B2C2 Group, according to blockchain analytics platform Arkham.
These new transfers follow transactions made earlier Monday morning, when the German government moved 250 bitcoins to Bitstamp, 250 bitcoins to Coinbase and 500 bitcoins to an unlabelled address presumed to be an OTC service or unlabeled exchange address. "Instead of holding bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale,” Cotar wrote last Thursday, claiming this was "not sensible" and "counterproductive."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: