Breaking: German Govt Unloads Another 1125 Bitcoin To Coinbase & Other Exchanges

Quick Summary:

On Thursday, July 11, the German government intensified its unprecedented sell-off of Bitcoin, disposing of an additional 1125 BTC through prominent exchanges such as Coinbase, Kraken, and Bitstamp.

This move comes amidst a series of strategic sales aimed at liquidating part of its substantial Bitcoin holdings, initially seized from a movie piracy website.

The government’s reserve now holds 13,177 BTC with an estimated market value of $765.94 million.

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Article Details

Author / Journalist: Kritika Mehta

Category: Crypto

Markets: IndiaGermany

Topics: Kritika Analysis Blockchain Million Bitcoin Crypto News German Technology Government Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 08:22:59 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 35 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21572277

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Official Website: coingape.com

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