On July 12, the German government transferred 2,700 BTC from its address to various trading platforms and OTC service addresses. According to Arkham monitoring, 1,000 BTC were sent to a suspected B2C2 Group address, while 400 BTC each were transferred to Bitstamp, Kraken, and Coinbase. Additionally, 500 BTC were sent to an address starting with bc1qu3j.