German government continues bitcoin transfers to crypto exchanges and entities

Right on schedule, a wallet controlled by a German government authority has transferred bitcoin to centralized exchanges Bitstamp, Kraken and Coinbase — as well as B2C2 Group and another address believed to be associated with an institution or OTC service.

The German government moved exactly 375 coins to Bitstamp, 375 coins to Kraken, and 375 coins to Coinbase — totaling 1125 bitcoin ($65.5 million). It also moved 1000 coins ($58.2 million) to a wallet identified by Arkham as belonging to B2C2 group. Finally, it moved 250 coins ($14.6 million) to a presumed OTC service to an institutional deposit address.