The German government offloaded an additional 1,500 BTC, valued at $94.7 million, on July 1. Out of these 1500 BTC, it transferred 400 BTC to Bitstamp, Coinbase, and Kraken, adding to the over 2,500 BTC sold in recent weeks. Despite the sell-off, Germany’s Bitcoin holdings are valued at $2.8 billion, including $961 million in unrealized profit. Despite the German government’s sell-off, Bitcoin’s price has demonstrated resilience, surging above $62,000. The government has reportedly sold 3000 BTC worth $185M over the last 10 days.

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