Germany Shifts Another 1,400 BTC
The German government has transferred another 1,400 Bitcoin (BTC) — worth $80 million at current prices — in its latest string of Bitcoin movements.
On July 6, a wallet address associated with the German government transferred 700 BTC to an unknown wallet address. A day later, on July 7, the same address moved an additional 700 BTC to the same address.
The German government transferred 1,400 BTC over the weekend. Source: Arkham Intelligence
The wallet now holds a total of 1,400 BTC, according to data from the blockchain analytics platform Arkham Intelligence. This marks the 14th major movement from the government-linked BTC address to external wallets in the last week. Even with the recent spate of transfers, the German government still holds a whopping 39,800 BTC (worth $2.2 billion) in reserve.
On July 5, German lawmaker and Bitcoin activist Joana Cotar urged the government to stop its “hasty” Bitcoin selling spree and maintain its Bitcoin holdings as a “strategic reserve currency” to shield against risks in the traditional system.
Vitalik Donates 100 ETH to “Make Ethereum Great Again”
Ethereum co-founder Vitalik Buterin also made some significant transfers of his own over the weekend.
On July 6, Buterin transferred 100 Ether (ETH) to a Gnosis Safe smart contract, per Arkham Intelligence data. The transaction was later confirmed to be a donation to the Ethereum marketing studio Collective 2077.
Vitalik Buterin donated 100 ETH to Collective 2077. Image: Wikimedia Commons
Describing itself as Ethereum’s unofficial marketing studio, Collective 2077 is a group of researchers, developers, and marketers whose stated aim is to “make Ethereum great again.” In a July 6 post to X, the official account for Collective 2077 thanked Buterin for his donation, saying the funds would go toward its efforts to “improve Ethereum’s presence and appeal through innovative initiatives and community-driven efforts.”
