- Germany’s holdings hit record lows
- Bitcoin trading between Germany and CEX is going on every day
- Is Germany rushing to sell off all Bitcoin, and will it buy back in?
Looking at Archam Intelligence, we see the German government showing record activity and reducing its Bitcoin holdings to a minimum.
In previous articles, we have discussed the point at which the German government will end the sell-off and the strategy for all of this.
At the moment, its holdings of Bitcoin are 9K BTC, valued at ~$520M.
Is she planning an abrupt reversal and halt of the sale, keeping a small amount just in case?
Or is she planning a sharp reversal with a large buyback?
All signs don’t give a clear answer to that question. So, for now, we need to watch the dynamics closely.
Update: The German government continues selling and cutting its holdings. They sent another $155M to exchanges, bringing their balance to $350M.
