On-chain data: The German government transferred 400 BTC to Coinbase and Kraken an hour ago.

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On-chain data: The German government transferred 400 BTC to Coinbase and Kraken an hour ago.

According to the on-chain data tracked by Arkham, the German Federal Criminal Police Office (Bundeskriminalamt, BKA) transferred another 200 BTC each just an hour ago, totaling 400 BTC (approximately $24.32 million), to the U.S. exchanges Coinbase and Kraken.

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According to the on-chain data tracked by Arkham, the Federal Criminal Police Office of Germany, known as Bundeskriminalamt or BKA, transferred another 200 BTC each just an hour ago, totaling 400 BTC approximately $24.32 million, to the U.S. exchanges Coinbase and Kraken.

Arkham on-chain institution: German government sells nearly $200 million in BTC, still holding 47,000 coins