The German government has recently sold 3,840 BTC (CRYPTO:BTC), totaling $220.7 million, while retaining a Bitcoin reserve now valued at $1.3 billion.

Transactions involving major exchanges like Kraken and Coinbase were noted during the process.

Despite the large sell-off, Bitcoin's price has shown resilience, climbing 3.9% to approach the $58,000 mark once more.

This event highlights the maturity of Bitcoin markets and the efficacy of institutional strategies in managing large-scale transactions.