{"id":24596,"date":"2024-07-08T16:30:07","date_gmt":"2024-07-08T13:30:07","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24596"},"modified":"2024-07-08T15:46:24","modified_gmt":"2024-07-08T12:46:24","slug":"german-government-sells-another-1000-btc","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/","title":{"rendered":"German Government Sells Another 1,000 BTC"},"content":{"rendered":"<p>The German government is continuing its Bitcoin (BTC) sales, with another large transaction taking place on Monday, July 8th.<\/p>\n<p>On-chain data from <a href=\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/\">Lookonchain<\/a> shows that the government sent 1,000 BTC worth approximately $55 million to cryptocurrency exchanges Coinbase and Bitstamp.<\/p>\n<p>This latest sale leaves the government with 38,826 BTC, worth around $2.1 billion. The German government has been putting downward pressure on Bitcoin prices for about two weeks now, with a similar sale taking place just last weekend.<\/p>\n<p>In total, the government has sold over $400 million worth of Bitcoin in less than a month. German MP Joana Cotar has speculated that the government may be selling due to the current budget deficit in Germany.<\/p>\n<p>Bitcoin prices are down 3.4% in the last 24 hours and are currently trading at $55,556.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German government is continuing its Bitcoin (BTC) sales, with another large transaction taking place on Monday, July 8th. On-chain data from Lookonchain shows that the government sent 1,000 BTC worth approximately $55 million to cryptocurrency exchanges Coinbase and Bitstamp. This latest sale leaves the government with 38,826 BTC, worth around $2.1 billion. The German<\/p>\n","protected":false},"author":1,"featured_media":24404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,58,4068,2245,2703,43,7254],"class_list":["post-24596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-cryptocurrency","tag-germany","tag-lookonchain","tag-market","tag-price","tag-sale"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>German Government Sells Another 1,000 BTC - 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\/german-government-sells-another-1000-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German Government Sells Another 1,000 BTC - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The German government is continuing its Bitcoin (BTC) sales, with another large transaction taking place on Monday, July 8th. On-chain data from Lookonchain shows that the government sent 1,000 BTC worth approximately $55 million to cryptocurrency exchanges Coinbase and Bitstamp. This latest sale leaves the government with 38,826 BTC, worth around $2.1 billion. The German\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T13:30:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-08T12:46:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bic_germany_crypto_bitcoin_btc_de_5-850x478-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"478\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/\",\"name\":\"German Government Sells Another 1,000 BTC - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bic_germany_crypto_bitcoin_btc_de_5-850x478-1.webp\",\"datePublished\":\"2024-07-08T13:30:07+00:00\",\"dateModified\":\"2024-07-08T12:46:24+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bic_germany_crypto_bitcoin_btc_de_5-850x478-1.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bic_germany_crypto_bitcoin_btc_de_5-850x478-1.webp\",\"width\":850,\"height\":478,\"caption\":\"German\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"German Government Sells Another 1,000 BTC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"German Government Sells Another 1,000 BTC - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/german-government-sells-another-1000-btc\/","og_locale":"en_US","og_type":"article","og_title":"German Government Sells Another 1,000 BTC - Coin Engineer","og_description":"The German government is continuing its Bitcoin (BTC) sales, with another large transaction taking place on Monday, July 8th. 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