German Government Moves $17M in Bitcoin to Exchanges

The German government has transferred approximately $17 million worth of Bitcoin (282.74 BTC) to major cryptocurrency exchanges, including Coinbase, Bitstamp, and Kraken. This move, detected by blockchain analytics firm Arkham Intelligence, suggests that German authorities may be preparing to sell a portion of their seized Bitcoin holdings. The transfer follows previous movements of Bitcoin by the German government, raising questions about the potential market impact of these large-scale transactions.Read more on Decrypt