According to The Data Nerd, in the past 8 hours, the German government address transferred a total of 10,984 bitcoins to exchanges and market makers, worth about $627 million, including:
-Bitstamp: 2,350 bitcoins, worth about $133.89 million;
-Coinbase: 2,050 bitcoins, worth about $116.82 million;
-Kraken: 1,250 bitcoins, worth about $71.4 million;
-FlowTraders: 5,200 bitcoins, worth about $297.25 million;
-Cumberland: 134 bitcoins, worth about $7.63 million.
As of now, the German government address still holds 23,788 bitcoins, worth about $1.35 billion.