El Salvadorโs daily buys poised to outpace German Bitcoin stash 
Quick Take
According to Arkham Intelligence, the German government continues its strategy of offloading Bitcoin.
Currently, the German government holds 6,894 BTC, valued at approximately $394.50 million. This figure represents 13.8% of the total Bitcoin initially seized by the government. On July 12, Germany sold an additional 2,700 BTC worth $154.60 million, directing these funds to major exchanges and institutional deposit/OTC services.
Meanwhile, El Salvador’s daily Bitcoin purchasing strategy persists, acquiring 1 BTC daily. El Salvador’s holdings have now reached 5,808 BTC, according to Glassnode. If the German government continues selling Bitcoin, El Salvador is poised to surpass Germany in Bitcoin holdings with just one more sell-off.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.