The German government, which has sold nearly 30,000 Bitcoins to date, has removed approximately 5800 BTC from its wallet and transferred them to exchanges and market makers.

On-chain data shows that 5853 Bitcoins worth $340 million were sent to an address linked to Kraken, Coinbase, Flow Traders, Cumberland and B2C2.

The German state currently holds 18 thousand Bitcoins worth $1.1 billion. After the transfers of the Germans, it did not go unnoticed that the Bitcoin price did not fall.

Bitcoin is trading around $58,500 in the minutes the news was written. The total number of BTCs seized from the pirate movie site Movie2k in 2020 was 50 thousand, and the Germans have melted more than half of these Bitcoins so far, mostly this week.