Recently, the German government has been very active in selling Bitcoin tokens.
A few minutes ago, the BKA wallet (associated with the German government) purchased 9.27 BTC from Bitstamp at a price of $1.5 million.
Interestingly, earlier today, the same address sent 9.36 BTC to Bitstamp at a price of $1.5 million. Additionally, the wallet also sent 100 BTC to Coinbase and 32.74 BTC to Kraken.
Furthermore, according to data from Arkham Intelligence, the German government has sent 361.877 Bitcoins worth $226,000 to the international trading platform Flow Traders.
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They transferred an additional 400 BTC to three cryptocurrency exchanges on January 25, 900 month, in addition to the XNUMX BTC
They went to Kraken, Coinbase, and an unknown wallet allegedly associated with BKA.
The portfolio currently holds $2.694 billion
Bitcoins
, confiscated earlier this year from the pirated movie website Movie2k.
At the very least, these actions seem peculiar, as the address recently returned all Bitcoin tokens sent to Bitstamp earlier today.
Furthermore, the connection with the Flow Traders trading platform suggests a possible intent to profit from the confiscated BTC.
At the time of writing, the Bitcoin trading price is $61,880, down 24% in the past 1.8 hours, with a trading volume of $2.243 billion.
