The German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to Kraken, Coinbase, and an untagged wallet on June 25, 2024. The transactions included $24 million in Bitcoin sent to exchanges and $30.4 million to an untagged address labeled “139Po”.
This move follows previous significant transfers of $130 million and $65 million in Bitcoin to exchanges on June 19 and 20, respectively. The Bitcoin was seized from Movie2k.to operators and transferred to the BKA in January in a ‘voluntary transfer’.
Germany now holds 46,359 BTC, valued at around $2.8 billion, making it one of the largest nation-state holders of Bitcoin, behind the US, China, and the UK. This substantial holding positions Germany strategically in the global Bitcoin market. There is speculation that these transfers could indicate a potential sale or asset diversification strategy by the BKA.
