German Government moved BTC to CEX

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Jun 20, 2024

SOC Team

German Government moved BTC to CEX

Outflow

Related addresses

German Government (BKA)

Total tokens transferred

1.1K

BTC

The German Government transferred out 2,000 BTC, of which 1,100 BTC (~$72.3M) has been deposited to CEX in the past 17 hours, including:

500 BTC ($32.6M) to Kraken
500 BTC ($32.6M) to Bitstamp
40 BTC ($2.61M) to Gemini
40 BTC ($2.61M) to BitFlyer
30 BTC ($1.96M) to Coinbase

These amounts were moved out of the entity German Government (BKA)

Notably, the German Government seized 49,857 BTC (then $2.14B) from the operator of the pirated movie website Movie2k on January 16, 2024 (5 months ago).

Currently, the entity still holds 47,859 BTC ($3.12B).

Fig 1. The current holdings of the German Government (BKA).

#german government

#deposit

#kraken

#bitstamp

#coinbase

#gemini

#bitflyer

#bitcoin

#btc

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