The German government appeared to send another 250 BTC ($15.4 million) to Bitstamp and Kraken on June 26, according to Arkham.
Crypto addresses labeled as belonging to German authorities appeared to send another 250 BTC to exchanges Bitstamp and Kraken on Wednesday morning — indicating a potential intention to sell the assets — according to on-chain analytics provider Arkham.
“The German Government also transferred 0.001 BTC to Flow Traders, which may be a test transaction and will sell BTC through Flow Traders,” fellow analytics firm Lookonchain pointed out on X.The German government-labeled addresses began sending bitcoin to crypto exchanges last week following the seizure of 50,000 BTC from the film-piracy site Movie2k in January.
However, the German government appeared to receive back 310 BTC from Kraken last week. It also received a total of 90 BTC since June 20 from wallets linked to Robinhood, Bitstamp and Coinbase, according to Arkham.
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