On June 19, 2024, a German government agency executed a significant transaction involving Bitcoin, totaling $425 million. The funds were initially transferred from one wallet to another, with subsequent movements back to the original wallet and to different cryptocurrency exchange deposit wallets. This transactions gave attention to the forgotten side in crypto. The big agencies are already here and this is were you are trading against.
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What Is the Wallet Address of the German Government?
The wallet address associated with the German government, specifically the German Federal Criminal Police Office (BKA), is “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd.” This wallet was used in the recent transaction involving the movement of $425 million worth of Bitcoin.
To Which Exchanges Did the German Government Send Their Bitcoins?
The German government agency deposited a total of $32 million worth of Bitcoin into the cryptocurrency exchange Kraken and a similar amount into Bitstamp. Both are reputable exchanges that could handle a big amount of volume.
How Much Money Does the German Government Have in Bitcoin?
The German government currently holds a significant amount of Bitcoin, primarily seized from criminal activities. As of the latest information, the BKA holds almost 50,000 BTC, originally valued at over $2 billion at the time of seizure from the operators of Movie2k.to, a film piracy website that was active in 2013.
