The German government is yet again moving funds. Over the past couple of hours, it has sent over 1300 BTC worth $76 million to crypto exchanges Kraken, Coinbase, and Bitstamp.

They have additionally moved around 1700 BTC - just shy of $100 million - to another unknown address that is yet to be identified. According to on-chain analytics platform Arkham Intel, these funds are “likely moving to a deposit for an institutional service or OTC.”

After the aforementioned transfers, the German government’s portfolio still held over 40.3k coins worth $2.3 billion.

Alongside the German government’s transfer, even the American government has been moving around the crypto it possesses. A recent tweet by PeckShield brought to light,

“237 BTC (worth ~$13.7m) from a wallet related to US Government law enforcement seizures has been transferred to a new address.”

Parallelly wallets associated with Mt. Gox have also started making Bitcoin transfers. Today, it indulged in two transactions. However, they were insignificant. The largest transaction involved merely $24 worth of BTC.

According to Arkham, the aforementioned amount of Bitcoin was sent to a wallet that in turn sent funds to Bitbank's hot address. The remaining BTC was transferred to another new wallet.

The now-defunct exchange has to pay back around $9 billion worth of BTC to its customers. As reported by blocmates recently, the exchange’s rehabilitation trustee revealed that it was looking to initiate Bitcoin and Bitcoin Cash repayments from the beginning of July.

The exchange also notified users that it would commence the repayments in the order of the crypto exchanges with which the rehabilitation trustee would complete the exchange and confirmation of official details.

Bitbank is one of the exchanges that is supporting Mt Gox repayments. Here it is worth noting that the repayments are not being made directly to BTC holders. The trustee will instead send funds to five exchanges: Bitbank, Kraken, Bitgo, Bitstamp, and SBI VC Trade.

These exchanges, in turn, will open customer access to the funds once Mt. Gox sends them.

Bitcoin, on its part, has been on a slippery slope of late. Less than a day back, it lost the psychological $60k support, liquidating over $300 million positions. At press time, the market’s largest crypto asset was trading at $57.5k.