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News Explorer — Germany and United States Move Over $100 Million in Bitcoin

Generated by AI, curated by humans

Jul 1, 4:06 pm

Decrypt

Germany and United States Move Over $100 Million in Bitcoin

The German government has moved $94.94 million worth of Bitcoin to various destinations, including major crypto exchanges such as Bitstamp, Coinbase, and Kraken. This comes after the German government sold off $195 million worth of BTC last month, causing a 3.5% drop in Bitcoin's price. Similarly, the U.S. government also moved nearly $12 million worth of Bitcoin.

The German government has moved $94.94 million worth of Bitcoin to various destinations, including major crypto exchanges such as Bitstamp, Coinbase, and Kraken. This comes after the German government sold off $195 million worth of BTC last month, causing a 3.5% drop in Bitcoin's price. Similarly, the U.S. government also moved nearly $12 million worth of Bitcoin.

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