The German government address may have sold $496 million worth of BTC in the past 16 hours

BlockBeats news, on July 11, according to Spot On Chain monitoring, in the past 16 hours, the German government may have sold BTC worth $496 million, including:

· 10,853 BTC ($637 million) was transferred out at a price of about $58,659;

· 2,442 BTC ($141 million) was transferred back at a price of about $57,560.

Currently, there are only 15,552 BTC ($894 million) left in the German government address, which is about 31% of the original amount seized from the pirated movie website Movie2k in January.