Crypto News – Germany and US Government Transfer $150 Million in Crypto Assets

Crypto News – German and US Governments Exchange $150M in Crypto Currency

Crypto News- Recent moves by the German and US governments have sparked attention as they transferred substantial sums in cryptocurrency holdings.

German Government Transfers $95 Million in Bitcoin, US Moves $11.75 Million in ETH from Seized Assets

The German government executed notable Bitcoin transfers totaling 1,500 BTC valued at approximately $95 million across several crypto exchanges. Simultaneously, the U.S. government transferred 3,375 ETH worth $11.75 million from seized assets to an undisclosed address.

According to Arkham Intelligence, German authorities have transferred 2,700 BTC to exchanges like Bitstamp, Coinbase, and Kraken in the past fortnight. Currently holding 44,692 BTC valued at around $2.82 billion, these recent transfers included 400 BTC sent to major exchanges and 750 BTC moved on June 26, split between Bitstamp and Kraken.

US Government Shifts Seized Crypto: $11.75 Million in ETH to Unassociated Wallet

In a parallel move, Arkham Intelligence reports the U.S. government’s significant transactions from funds seized from Estonian entrepreneurs Potapenko and Turogin. Previously transferring 11.84 BTC worth $743,000 on June 30, the U.S. government recently moved its entire $11.75 million in ETH to an unassociated wallet.

These frequent transfers suggest strategic management of assets, with Germany potentially preparing to liquidate holdings on major exchanges. Meanwhile, the U.S. government’s ETH transfer to an unknown wallet hints at evolving fund management strategies.

The introduction of the Markets in Crypto-Assets Regulation (MiCA) by the European Union is anticipated to impact these transactions, particularly influencing stablecoins and crypto asset services.

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