Author: Elena R
Elena R 
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Jun 19, 2024 19:10
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
A crypto wallet called “German Government (BKS)” by analytics firm Arkham recently moved 6,500 BTC on June 19, sparking widespread discussions about a potential Bitcoin sale. The wallet, which held 50,000 BTC since February 2024, transferred 6,500 BTC worth $425 million to a new address. The funds were linked to a seizure from the pirated movie platform Movie2k and were partially moved to Kraken and Bitstamp exchanges. Currently, the German government wallet holds 43,359 BTC with a total value of $2.83 billion. This activity has resulted in discussions about the impact of such major transactions on the Bitcoin market.
