• The German government appears to have sent $425 million worth of bitcoins to another wallet. Some were returned to the original wallet while others went to crypto exchanges.
  • The data indicates that Kraken and Bitstamp have received deposits totaling $32 million, which could indicate a sale.

BTC Price Index and Live Chart – CoinDesk”>(BTC) to another wallet address, Arkham data appears to show, sending some on to crypto exchange deposit wallets and returning some to the starting point.

The wallet address, previously identified as belonging to the German Federal Criminal Police Office (BKA) by Arkham, moved 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and then back to itself. Data from transactions shows that $32 million in bitcoins were deposited at Kraken, and Bitstamp received a similar amount.

On Wednesday, a German entity transferred millions of dollars worth of Bitcoin between wallets and crypto-exchanges. (Arkham)

Arkham CEO Miguel More said to CoinDesk via Telegram that it appeared the entity had moved $130,000,000 in BTC into “service wallets,” indicating an “intention” to sell “in the near future”.

The Mantle Blockchain Strategist @Defi_Maestro had flagged the movements earlier on X.

BKA seized nearly 50,000 BTC from the operators Movie2k.to a film-piracy website active in 2013. Arkham reports that the BKA received bitcoins in mid-January, after the suspects made a “voluntary” transfer.

Sheldon Reback is the editor.