BlockBeats reported that on July 9, according to Lookonchain monitoring, the German government address transferred out 16,039 BTC (US$915.3 million) and received 3,673 BTC (US$206.5 million) in the past 24 hours. It is estimated that it may have sold 12,366 bitcoins and currently still holds 27,461 BTC (US$1.55 billion).