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Germany already has less bitcoin than El Salvador

The German government has less than 4,900 bitcoin left to sell after accumulating more than 50,000 BTC from seizures.

Key facts:

The Salvadoran State already accumulates 5,800 bitcoin.

The sales of bitcoin by the German Government had an impact on the price of the asset.

Update 7/12/2024 00:15 UTC: after the publication of this article, the German Government's wallet had bitcoin inflows that lead it to possess 9,000 BTC at the time of this update (more than what the German Government has). The Savior).

Sales of bitcoin (BTC) by the German Government do not stop. For more than a week, BTC transfers from the state wallet to exchange addresses have been occurring daily.

With the BTC outflows of the last few hours, the German State now owns less bitcoin than El Salvador. According to data from BitcoinTreasures, the treasury of the Central American country has 5,800 bitcoin.

It should be remembered that the Salvadoran Government has been purchasing BTC since 2021, when Satoshi Nakamoto's creation took legal tender status in that nation.

Apparently, Germany's plan is to sell all of the BTC in its possession. This can be considered a good sign for the market, since that downward pressure would disappear completely.