German Government Transfers Bitcoin to a Trading Company

Jul 8, 2024
German Government Transfers Bitcoin to a Trading CompanyGerman Government Transfers Bitcoin to a Trading Company

Earlier, the German government transferred 500 BTC to some cryptocurrency exchanges and continued with Bitcoin (BTC) transfers. Earlier today, Germany’s encrypted wallet, marked as the German government (BKA), executed two transactions, each involving 250 BTC, sent to the US cryptocurrency exchange Coinbase and another cryptocurrency exchange Bitstamp. At that time, the total value of the two transactions was $279,000.
In addition, another 500 BTC was transferred to a known address identified as “139bao”.
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Later, at 14:20 Bulgarian time, the wallet sent 133.772 BTC to the cryptocurrency trading company Cumberland DRW. Subsequently, 150 Bitcoin tokens were transferred to another cryptocurrency exchange Kraken, with a total value of $85,700.


At the same time, an additional 57.16 BTC worth $10 million was sent to the above-mentioned address “139PoPE1bKQam8QJjhVjYDP47f3VH7ybVu” and 250 BTC to “bc1qu3jdm4wz24laats8x80mldragmxzkmzcguzr4j”.
These portfolios have not been accurately identified, but it is believed that they are related to the German government as they have interacted with each other before.