The German and United States governments have drawn significant attention after transferring millions of dollars of crypto holdings.
On July 1, the German government moved 1,500 BTC worth roughly $95 million to multiple crypto exchanges, while the U.S. government moved 3,375 ETH worth $11.75 million to an unknown address.
German government BTC transfers
According to data from the onchain analytics platform Arkham Intelligence, the German government has transferred 2,700 BTC to multiple exchanges over the last two weeks.
The exchanges include Bitstamp, Coinbase and Kraken. The German government currently holds 44,692 BTC worth approximately $2.82 billion.
In its latest transfers, 400 of the 1,500 BTC transferred were sent to the aforementioned major crypto exchanges, while 750 BTC was transferred on June 26 — 250 of that to Bitstamp and Kraken.
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