The German government has continued its pattern of selling off Bitcoin, recently moving approximately 3,100 BTC worth around $178 million within just one hour.
In addition to this, the government withdrew roughly 1,700 BTC, valued at about $91.78 million, from the Bitstamp exchange, retrieving Bitcoin holdings from the platform.
As of now, the German government has shifted an additional 3,107 BTC from its main holdings, indicating a potential further sell-off in the market today.
Currently, the main government address holds around 26,000 BTC worth $1.5 billion, while the address used for off-loading Bitcoin holds about 4,800 BTC worth $276.61 million.
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