The German government has recently transferred 200 BTC to Coinbase and 200 Bitcoins to Kraken (a total of 400 BTC).

Germany loves Offshore Exchanges

Coinbase and Kraken are the top two US-based exchanges. This is the second time Germany has deposited its BTC on offshore exchanges; last week, it transferred around 1,700 BTC to Luxembourg-based Bitstamp, along with Coinbase and Kraken.

Reason is Political

     To understand the reason, I thought Olaf Scholz was trying to slowly sell the government-controlled Bitcoins or send them somewhere safe under his control and use them to influence the next federal elections in October 2025. But then... no.. wait.. there is no more reason to deny. If you have another reason, share that "but.".