According to the latest report from BlockBeats, on-chain data analysis expert Yu Jin discovered on July 7 that an address marked as the "German government" completed a major transaction 8 hours ago, transferring 700 BTC (bitcoins) to a specific address whose hash value begins with "139...bVu". Analysis shows that this receiving address is likely to be the account of an asset management institution, which plans to disperse and transfer these BTCs to multiple centralized cryptocurrency exchanges (CEX), such as Coinbase, Kraken, Bitstamp, etc., for further management or investment operations after receiving them.

The specific amount of this transaction was calculated at the exchange rate at the time, equivalent to approximately US$40.47 million, which once again highlights the important role of blockchain technology in global capital flows. At the same time, it has also attracted widespread attention and discussion in the industry about the German government's strategy in the field of cryptocurrency.

It should be noted that although the specific details and analysis of the transaction are provided by BlockBeats and its data analysts, further information confirmation and official statements are still needed regarding the final ownership of the address and the motivation for the transaction. #ETH🔥🔥🔥🔥 #BTC☀