Bitcoin sale nets German government $2.8B
The Dresden Public Prosecutor’s Office has confirmed the emergency sale of 49,858 Bitcoin between June 19 and July 12, 2024, in connection with the Movie2k investigation. Go to Source
Germany
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German gov’t was rushing to sell Bitcoin to maximize liquidity: Arkham CEO
Using five different crypto exchanges suggests that the wallet sought to maximize liquidity on each order book and sell Bitcoin as soon as possible. Go to Source
German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review
Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s year-end price could reach between $50,000 and $100,000. In Zambia, new guidelines may outlaw foreign currency use, imposing severe penalties … Read more
German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations
According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty until donations started coming in. German Government Now Has More Bitcoin The … Read more
German government offloads its final Bitcoin holdings
The German government officially has zero BTC left after weeks of dumping its reserves onto the market, suppressing the price. Go to Source
German Government Is Now out of Bitcoin, Arkham Data Shows
The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin … Read more
Bitcoin bottom signal? German gov’t runs out of BTC to sell
Bitcoin price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC. Go to Source
Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K
Bitcoin’s fear and greed index has tumbled to “extreme fear” for the first time since January 2023, as BTC struggles to reclaim a crucial price level. Go to Source
From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues
Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 … Read more
German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins
At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested … Read more
