German Government Transfers $94M in Bitcoin to Exchanges

The German government has moved approximately $94 million worth of Bitcoin to various cryptocurrency exchanges. This significant transfer involved about 1,500 BTC, with 400 BTC (valued at $25.3 million) sent to prominent exchanges including Bitstamp, Coinbase, and Kraken. The movement of such a large amount of Bitcoin by a government entity has sparked discussions about potential market impacts and the reasons behind the transfer.Read more on The Block