---
title: "Here’s How Much BTC the German Govt Has Transferred to Exchanges So Far"
url: https://diffcoin.com/heres-how-much-btc-the-german-govt-has-transferred-to-exchanges-so-far/
description: "The German government continued to move confiscated BTC to several prominent crypto exchanges."
published: 2024-06-27
updated: 2024-06-27
author: "Mila"
site: "Diffcoin"
---

# Here’s How Much BTC the German Govt Has Transferred to Exchanges So Far

According to data shared by Lookonchain, the German government has transferred an additional 750 BTC, valued at approximately $46.35 million. Around $15.41 million or 250 BTC of this amount was sent to crypto exchanges Bitstamp and Kraken.

Despite these transfers, the entity still maintains a significant Bitcoin reserve, currently holding 45,609 BTC, which has an estimated value of $2.81 billion.

## Large Transfers and Test Transactions

Data revealed that the German government also transferred 0.001 BTC to Flow Traders, which may be a test transaction. This suggests that the authorities may be exploring additional avenues for selling the Bitcoin holdings through this trading firm.

The recent movements are part of a larger trend, with over 2,000 BTC sold from the address identified to be of the government, which coincided with a period of market turmoil.

The development comes just a day after Arkham Intelligence flagged a wallet linked to the German Federal Criminal Police Office (BKA), which moved $24 million worth of Bitcoin to Kraken and Coinbase exchanges. An additional $30 million in BTC was transferred to a new untagged wallet. These movements are in addition to transfers made on June 19 and 20, totaling $130 million and $65 million, respectively.

The origin of this Bitcoin trove can be traced back to the seizure by the BKA from the operators of Movie2k.to, a now-defunct film piracy website that was active in 2013. The seized amount, nearly 50,000 BTC, was worth over $2 billion at the time of confiscation. The BKA received these funds in mid-January following a “voluntary transfer” from a suspect involved in the case.

## Bitcoin Retreats Again

Recent fluctuations in the market seemed to be influenced by the German government’s Bitcoin transfers, as well as other factors that briefly caused a dip in the underlying asset’s price, dragging it below $60,000 earlier this week. The latest action of Bitcoin divestment has once again added pressure to the market.

The top digital asset had soared to $62,400 after the market-wide crash, but the overall pressure resulted in another decline. As of now, BTC struggles to remain above $61,000.

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