Arkham Intelligence researchers have updated data on the German government's cryptocurrency holdings. They announced that the authorities of the European country were still selling bitcoins (BTC) worth more than $195 million. According to experts, on the evening of June 20 they sent about $65 million in BTC to 2 exchange deposit addresses, including Coinbase.

Analysts also highlighted that yesterday the German Government transferred $600 million in BTC, sending $130 million in BTC to 4 likely exchange deposits, including Kraken and Bitstamp. At the moment, the authorities continue to hold $3.05 billion in bitcoins in their accounts.