German Lawmaker Demands Strategic Overhaul Amid Bitcoin Sell-Off Chaos
What is the remaining bitcoin reserve of Germany?
Germany currently holds 42,274 Bitcoin, worth about $2.4 billion. This figure has decreased from previous amounts due to recent government sell-offs, but still represents a significant reserve.
Why did the German government intensify its bitcoin sell-off?
The German government intensified its bitcoin sell-off, transferring approximately $75 million to exchanges like Coinbase, Kraken, and Bitstamp, as part of a larger strategy. Since mid-June, $315 million in bitcoin has been sold, with the German Federal Criminal Police Office continuing the sales, signaling a potential plan to liquidate portions of its reserves5.
How much bitcoin has Germany sold since mid-June?
Germany has sold over $390 million worth of bitcoin since mid-June, which included transferring $75 million to exchanges like Coinbase, Kraken, and Bitstamp. Despite the sales, the country still holds 40,359 bitcoins in reserve. The government's bitcoin sell-off is part of a larger strategy that mirrors recent U.S. government sales of confiscated bitcoin.