The German government has moved at least $195 million of Bitcoin (BTC) to exchanges, according to Arkham Intelligence.Arkham added that the German Government moved $600 million in BTC overall on June 19 — $130 million of which was sent to four “likely exchange addresses.” Three of the addresses are confirmed to be exchange “service wallets” on Kraken, Bitstamp, and Coinbase.Some have raised concerns over the impact on the market if Germany continues to sell its substantial hoard of digital assets.According to reports, the Bitcoin transfers were conducted by the German Federal Criminal Police Office (BKA), which seized nearly 50,000 BTC from the piracy site Movie2k.to earlier this year. This was the conclusion of a major seizure in 2018 from a piracy website operated by two individuals, marking one of the largest crypto confiscations in history.After the latest transactions, the German government owns 47,179 BTC—worth roughly $3 billion as of press time — according to Arkham’s data.BitcoinTreasuries indicates that Germany has the fourth largest Bitcoin holdings among nations, based on public information.The top three are the US with $13.9 billion in Bitcoin, China with $12.4 billion, and the UK with nearly $4 billion. Each government accumulated its BTC primarily through law enforcement seizures over the last few years.Ukraine has the fifth largest Bitcoin holding at 46,351 BTC, largely obtained from a former government official, Yury Shchigol.Meanwhile, some nations are accumulating Bitcoin via purchases, investments and donations. El Salvador, the pioneer in adopting Bitcoin as legal tender, currently holds 5,779 BTC — valued at roughly $390 million as of press time.The value of El Salvador’s holdings showcases a substantial profit since the country began its purchases in September 2021. Similarly, Venezuela has also turned to Bitcoin amid its challenges with hyperinflation and US sanctions, while the Central African Republic recently announced it would adopt Bitcoin as an official currencyMeanwhile, Bhutan has been quietly mining Bitcoin since 2019 and currently holds roughly 621 BTC.Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada’s West Coast.AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting. Get the latest crypto news and expert insights. Delivered to you daily.Two telecom firms are involved in crypto mining.The bank will also support Bitpanda’s treasury and payment processes.Joachim Nagel stressed the necessity for central banks to adapt to the evolving landscape, identifying distributed ledger technology (DLT) as a crucial tool in this transformation.The German police said the seizure was the largest in its history.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.