Germany moved its holdings of 16,309 bitcoin to cryptocurrency exchanges and market makers on Monday (July 8). Blockchain data shows that bitcoin (BTC) fell in Europe on Monday afternoon as the German government moved more than $900 million worth of bitcoin assets. According to blockchain data platform Arkham Intelligence, bitcoin wallets flagged as belonging to the German government transferred a total of around 16,309 BTC to external addresses in several batches, including cryptocurrency exchanges Bitstamp, Kraken, and Coinbase, as well as market maker Flow Traders. According to Arkham Intelligence, the wallet linked to the German government still holds around 23,788 bitcoins, meaning it has sold more than half of the seized assets.