{"id":83492,"date":"2024-07-04T12:31:10","date_gmt":"2024-07-04T16:31:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83492"},"modified":"2024-07-04T12:31:13","modified_gmt":"2024-07-04T16:31:13","slug":"german-government-transfers-174m-in-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/german-government-transfers-174m-in-bitcoin\/","title":{"rendered":"German Government Transfers $174M in Bitcoin"},"content":{"rendered":"\n

The German government transferred 3,000 Bitcoins worth<\/a> $174 million, with 1,300 Bitcoins sent to exchanges Bitstamp, Coinbase, and Kraken, confirmed by Lookonchain.<\/p>\n\n\n\n

\"German
German Government Transfers $174M in Bitcoin<\/figcaption><\/figure>\n\n\n\n

Today, the German government executed a substantial transaction in the cryptocurrency market by transferring 3,000 Bitcoins, estimated to be worth $174 million. Of this total, 1,300 Bitcoins, estimated to be worth $75.5 million, were transferred to prominent cryptocurrency exchanges<\/a> Bitstamp, Coinbase, and Kraken. This information was verified by Lookonchain, a platform that monitors cryptocurrency movements.<\/p>\n\n\n\n

\n

The German Government transferred 3,000 $BTC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>($174M) out again, of which 1,300 $BTC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>($75.5M) was transferred to #Bitstamp<\/use><\/svg><\/span><\/a>, #Coinbase<\/use><\/svg><\/span><\/a> and #Kraken<\/use><\/svg><\/span><\/a>.

German Government currently holds 40,359 $BTC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>($2.33B).https:\/\/t.co\/x0aJljKn2C<\/use><\/svg><\/span><\/a> pic.twitter.com\/Bk6oDEmGOa<\/use><\/svg><\/span><\/a><\/p>— Lookonchain (@lookonchain) July 4, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Today, the German government transferred 832.7 Bitcoins, estimated to be worth approximately $52 million. The major exchanges received 282.7 Bitcoins, estimated to be worth $17.65 million. This action is a component of the government's ongoing oversight of its cryptocurrency assets<\/a>.<\/p>\n\n\n\n

As previously mentioned, the German government transmitted 832.7 Bitcoins, estimated to be worth $52 million, two days ago. Of this, 282.7 Bitcoins were transferred to significant exchanges, including Kraken, Coinbase, and Bitstamp, for approximately $17.65 million.<\/p>\n\n\n\n

The German government currently maintains a considerable 43,859 Bitcoins, equivalent to $2.74 billion. This most recent transfer suggests that a portion of the total Bitcoin holdings, previously rumored to be 40,359 Bitcoins valued at $2.33 billion, has been transferred.<\/p>\n\n\n\n

Market analysts and investors closely monitor the prospective impact of such large-scale transfers by governments and other institutions on the market. These actions have the potential to impact market trends and trading activities substantially.<\/p>\n\n\n\n

The German government's involvement in the cryptocurrency market emphasizes the growing significance of digital currencies in global finance. Governments worldwide are investigating methods to regulate and integrate cryptocurrencies into their financial systems<\/use><\/svg><\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The German government transferred 3,000 Bitcoins worth $174 million, with 1,300 Bitcoins sent to exchanges Bitstamp, Coinbase, and Kraken, confirmed by Lookonchain. Today, the German government executed a substantial transaction in the cryptocurrency market by transferring 3,000 Bitcoins, estimated to be worth $174 million. Of this total, 1,300 Bitcoins, estimated to be worth $75.5 million, […]<\/p>\n","protected":false},"author":36,"featured_media":83499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,20380],"class_list":["post-83492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-german-government"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/Reichstag-building-seat-of-the-German-Parliament-Deutscher-Bundestag-in-Berlin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83492"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83499"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}