Here’s A Look Inside Germany’s Billion-Dollar Bitcoin Holdings And Why It Has Been Selling

Here’s A Look Inside Germany’s Billion-Dollar Bitcoin Holdings And Why It Has Been Selling


For a while now, the German government has been reported to be offloading its Bitcoin holdings, thereby adding significant selling pressure on the flagship crypto. On-chain data shows that they still hold a significant amount of BTC, which they have no option but to sell.

How Much Bitcoin The German Government Holds

Data from the on-chain analytics platform Arkham Intelligence shows that the German government still holds almost 24,000 BTC ($1.42 billion). Further data shows they are still looking to offload more of their holdings, as they have transferred over 1,100 BTC in the last 24 hours to crypto exchanges and market makers. Specifically, the German government transferred over 800 BTC to the crypto exchange Kraken.

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However, while the German government’s actions have undeniably negatively

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