Bitcoin News on Nostr: German government makes u-turn buys back over $111 million bitcoin The German ...

German government makes u-turn buys back over $111 million bitcoin  The German government has made a sharp U-turn from its previous chain activities where it has been selling large swathes of Bitcoin and adding to the selling pressure in the market.The German government in a surprise move bought back over 1,915 bitcoin worth $111.5 million from various top exchanges.  The transaction was picked up by the industry’s leading On-chain analysis firm Arkham Intelligence who shared the news with their over 460,000 followers on X.  “Update: German Government BTC Movements German Government wallets received 1915 BTC ($111.5M) last night back from addresses linked to Kraken, Bitstamp, and Coinbase.  1047.4 BTC ($57.2M) has been moved out of their wallets this morning: – 547.4 BTC ($30.1M) to Flow Traders  500 BTC ($27.1M) to 139Po (likely deposit for institutional/OTC service)” Arkham tweeted.