Ethereum

A “German Government (BKA)” labeled cryptocurrency wallet has sold over $54 million worth of Bitcoin. 

The German government’s wallet sold 900 Bitcoin 
BTC

tickers down
$61,689

 in three individual transactions on June 25.

The first 200 BTC transaction was sent to the Coinbase exchange, while the second 200 BTC transfer was sent to the Kraken exchange.

However, a third transaction, worth 500 BTC, or over $30 million, was sent to wallet “139Po,” which remains unknown, according to onchain intelligence provider Arkham Intelligence.

While wallet “139Po” remains unknown, it is not the first time the German government has interacted with it. The German government previously sent 800 BTC to the address on June 20 and another 500 BTC on June 19, just six days ago.

Following today’s transfers, the wallet still holds 46,359 Bitcoin, according to Arkham Intelligence.