Another Reason to Worry? Germany Moves $94.7M in Seized Bitcoin to Exchanges

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The German government has moved another stash of its seized Bitcoin to some of the world’s top crypto exchanges, stirring new fears of a possible liquidation of its Bitcoin reserves.According to an update by Lookonchain, the German government has made a significant Bitcoin transaction, moving 1,500 BTC on July 1st. The latest stash is worth a whopping $94.7 million.

The string of transactions suggests that the German authorities could be planning to liquidate some of these assets, an action that mirrors the moves by the US government, which has also transferred millions of dollars in seized crypto to exchanges, possibly indicating an intent to sell.

 

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