German Government Transfers 700 BTC to Asset Management Address

According to @EmberCN, the German government has transferred 700 BTC (worth $40.47 million) to an address starting with 139...bVu. This address is likely managed by an asset management firm, which will subsequently distribute the BTC to various centralized exchanges (CEX) including Coinbase, Kraken, and Bitstamp.
Source余烬
@EmberCNAnalyst about On-chain Analysis