09/07/2024

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Cryptocurrency

Germany holds over $1 billion worth of bitcoin

Germany holds over $1 billion worth of bitcoin

At present, governments of many countries are holding BTC with them.

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After America, Germany is now reported to have bitcoins worth $1.3 billion.

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According to Arkham Intelligence, Germany still has 23,800 bitcoins, worth $1.3 billion.

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Earlier this year, BKA seized 49,857 BTC from the operators of Movie2k.to.

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After which the German government's BTC reserves increased and their price also increased.

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Some observers believe that Germany's BTC sale is a strategic mistake.

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The German government has transferred more than $390 million worth of bitcoins to exchanges in the last 3 weeks to sell them for fiat currency.

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Let us inform you that according to a report by coindesk, the price of BTC has fallen by 20% to $55,490.

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