The German government has transferred a large amount of Bitcoin to cryptocurrency exchanges as the price of BTC attempts to recover from the $60,000 level. According to blockchain “de-anonymizing” platform Arkham, the German government’s Bitcoin wallet has moved a total of 900 BTC in the last 24 hours.

Arkham’s data reveals that the German wallet sent 200 BTC to the crypto exchange Kraken, as well as an additional 200 coins to Coinbase. Additionally, 500 BTC were sent to an address beginning with “139PoPE,” which is possibly another exchange wallet but is currently an unknown entity.

Earlier this month, Arkham reported that over a two-day period, the German government moved over $195 million worth of Bitcoin to six crypto exchanges, including Coinbase, Kraken, and Bitstamp.

The German government is selling the BTC that it seized while investigating Movie2k.to, an illegal streaming site that distributed more than 880,000 pirated films between 2008 and May 2013. The Dresden Public Prosecutor’s Office stated that the operators of the site purchased Bitcoin using the proceeds of their illicit activities. The Bitcoin seizure in connection with the investigation is the largest of its kind in Germany to date, with nearly 50,000 BTC worth $2.17 billion confiscated at the time.

At the time of writing, Bitcoin is trading at $61,510.