The German government has once again resumed transferring bitcoins to centralized exchanges and other market entities with the presumed intent to sell on Wednesday.

Authorities have transferred more than 1,127 bitcoins to an address identified as belonging to Flow Traders by the onchain analytics platform Arkham.

500 bitcoins have also been sent to crypto exchange Coinbase, while another 750 were sent to rival exchange Kraken.

At the same time, Arkham also identified Cumberland DRW as receiving more than 536 bitcoins from the German government.

Finally, a presumed institutional deposit or OTC address received some 2,250 bitcoins.

Taken in combination, the German government has apparently transferred out more than 5,853 bitcoins, approximately $342,694,905. It still holds more than …