German government sells remaining Bitcoin holding - Breaking The News

German government sells remaining Bitcoin holding

12 July

1 min read

UNSPLASH / MICHAEL_FORTSCH

The German government has completed the transfer of its remaining Bitcoin from its wallet, thus selling off its $2.9 billion worth of holdings (50,000 BTC), the Arkham Intel Exchange showed on Friday.

"The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service). The German Government has 0 BTC ($0.00M) remaining," Arkhan posted on X.

In roughly a month, Germany gradually depleted its holdings in the largest cryptocurrency in the world by transferring it to major crypto exchanges Bitstamp, Coinbase, Kraken and some undisclosed addresses.

cryptocurrencies

Related Stocks

ETH/USD

BTC/USD

Ethereum jumps almost 7%, highest since early March

10 May

The prices of the world's biggest cryptocurrencies rose on Saturday, with Ethereum surging almost 7% and hitting its highest value since early March.The increase in price comes as BlackRock Inc. continues to build its Ethereum holdings, as it recently acquired almost 11,000 ETH for some $20 million.Ethereum soared 6.81% at 2:52 pm ET, selling at $2,505. A minute later, Bitcoin added 0.32%, going for $103,301.

Senate fails to advance stablecoin bill

8 May

The United States Senate announced on Thursday that it had not succeeded in reaching a consensus on legislation aimed at creating a federal oversight system for stablecoins.In a vote of 48-49, senators failed to achieve the necessary 60 votes to advance discussion on the GENIUS Act, effectively halting its progress toward final approval. US President Donald Trump's engagement with digital assets through businesses, his cryptocurrency ventures and...

Bitcoin hits $100K for 1st time since early February

8 May

Bitcoin's price surged on Thursday, surpassing the resistance level of $100,000 for the first time in three months, propelled by a combination of worldwide economic shifts, corporate investments, and positive market sentiment amid US President Donald Trump's announcement of a trade agreement with the UK, describing it as a "breakthrough."A major driver behind Bitcoin's rally is the expected easing of trade friction between the US and Japan as negotiations...

Coinbase to acquire crypto trading platform Deribit

8 May

Coinbase Global Inc. told The Wall Street Journal (WSJ) on Thursday it reached an agreement to buy the world's leading platform for trading cryptocurrency derivatives for about $2.9 billion.The company said that those $2.9 billion include $700 million in cash and 11 million shares of Coinbase Class A common stock. According to Coinbase Vice President for Institutional Product Greg Tusar, the deal will expand the firm's presence in different crypto-related fields...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.