The German government wallet responsible for sending large amounts of bitcoin to exchanges and market entities received back 2442 bitcoins late last night.

According to data from Arkham, the wallet received 903 bitcoin ($52.3 million) from the crypto exchange Kraken. It also saw inflows of 1529 bitcoin ($88.6 million) from addresses currently unlabeled by the onchain analytics platform. The German government also received ten bitcoins ($575,000) from Bitstamp.

The inflows back into the wallet controlled by German authorities follow a large outflow to exchanges and entities yesterday. As The Block previously reported, more than 10,853 bitcoins (worth $637.7 million at the time) were transferred out yesterday.

As to why bitcoins would flow back into the German government wallet once …