During the European morning hours, a wallet linked to the German Federal Criminal Police Office (BKA) transferred $24 million in bitcoin (BTC) in two separate transactions to cryptocurrency exchanges Kraken and Coinbase, according to Arkham data.
A new wallet that as of Tuesday has not been identified as an exchange received an additional $30 million worth of Bitcoin. As previously reported, these payments are on top of the $130 million and $65 million in Bitcoin that were delivered to exchanges on June 19 and June 20, respectively. Miguel More, the CEO of Arkham, stated via Telegram last week that switching to exchanges would mean selling the company’s assets.
Therefore, a $24 million bitcoin sale is not that big. In the last day, more than $40 billion worth of Bitcoin changed hands, according to CoinGecko data. On Binance alone, there is available liquidity for up to $20 million in BTC trades; hence, the quantity is unlikely to influence prices right away.
The owners of the 2013 movie pirate website Movie2k.to were found to have about 50,000 BTC, or more than $2 billion, at their disposal by the German Federal Criminal Police Office (BKA). Midway through January, the BKA obtained the Bitcoin as a result of the suspects’ “voluntary transfer.”