On July 11, the "German Government" address transferred 5,627 BTC (worth approximately US$328 million) to various trading platforms and market makers. This transaction is part of a larger series of sales that started on June 19, totaling 39,933.4 BTC (US$2.342 billion) transferred so far. After this transaction, the address still holds 9,925 BTC (US$570 million).