{"id":24065,"date":"2024-07-01T21:00:20","date_gmt":"2024-07-01T18:00:20","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24065"},"modified":"2024-07-01T15:14:47","modified_gmt":"2024-07-01T12:14:47","slug":"u-s-and-german-governments-move-more-bitcoin-and-ether","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/u-s-and-german-governments-move-more-bitcoin-and-ether\/","title":{"rendered":"U.S. and German Governments Move More Bitcoin and Ether"},"content":{"rendered":"

The U.S. and German governments have sparked speculation of a potential crypto sell-off after moving additional Bitcoin (BTC) and Ethereum (ETH) today, according to blockchain analytics firm Arkham.<\/p>\n

Arkham<\/a>‘s data reveals that the German government transferred a total of 1,500 BTC (worth approximately $94 million) to several addresses, including those on major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. The breakdown shows:<\/p>\n

600 BTC and 500 BTC sent to unknown addresses in two separate transactions.<\/p>\n

200 BTC transferred to a Bitstamp address.<\/p>\n

100 BTC each sent to Coinbase and Kraken addresses.<\/p>\n

U.S. Government Activity Involves Seized Assets<\/p>\n

Data also suggests the U.S. government transferred 3,375 ETH (around $11.75 million) from an address containing assets seized from Estonian entrepreneurs Sergei Potapenko and Ivan Tur\u00f5gin. This transfer went to an unknown address.<\/p>\n

These transactions follow similar movements by both governments last week, further fueling speculation.<\/p>\n

U.S. government-linked wallets reportedly hold roughly 213,534 BTC (valued at $13.42 billion) and 50,524 ETH (worth approximately $175.9 million) alongside other crypto assets (according to Arkham).<\/p>\n

The German government’s holdings are estimated at 44,692 BTC (valued at $2.81 billion).<\/p>\n

\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. and German governments have sparked speculation of a potential crypto sell-off after moving additional Bitcoin (BTC) and Ethereum (ETH) today, according to blockchain analytics firm Arkham. Arkham‘s data reveals that the German government transferred a total of 1,500 BTC (worth approximately $94 million) to several addresses, including those on major cryptocurrency exchanges Coinbase,<\/p>\n","protected":false},"author":1,"featured_media":24066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[520,61,7111,151,7112,1564],"class_list":["post-24065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-arkham","tag-bitcoin","tag-bitstam","tag-coinbase","tag-german","tag-kraken"],"yoast_head":"\nU.S. and German Governments Move More Bitcoin and Ether - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/u-s-and-german-governments-move-more-bitcoin-and-ether\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. and German Governments Move More Bitcoin and Ether - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The U.S. and German governments have sparked speculation of a potential crypto sell-off after moving additional Bitcoin (BTC) and Ethereum (ETH) today, according to blockchain analytics firm Arkham. 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