A wallet controlled by a German government authority has transferred bitcoin to centralized exchanges Bitstamp, Kraken and Coinbase.
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 . It also moved 1000 coins to a wallet identified by Arkham as belonging to B2C2 group. Finally, it moved 250 coins to a presumed OTC service to an institutional deposit address.
The latest moves follow yesterday's transfers of more than 10,853 coins to the same or similar entities — though the German government received back 2422 coins last night. The returned bitcoins were presumably unsold as part of a sale agreement. Overall, the transfers align with the German government's strategy to offload 50,000 confiscated bitcoins seized from the now-defunct film piracy website Movie2K in January — which German Bundestag and bitcoin advocate Joana Cotar criticized as "counterproductive."Editor's Note: This story is developing and may be updated with additional information.Disclaimer: The Block is an independent media outlet that delivers news, research, and data.
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