According to BlockBeats, the German government has completed the transfer of its entire Bitcoin balance, totalling 49,860 BTC (approximately $2.90 billion), over the past three weeks. The government's Bitcoin address now holds a negligible balance of only $16.

Details of Bitcoin Transfers

In a series of transactions, the German government sold off its substantial Bitcoin holdings. These transfers were made to various exchanges and market makers, effectively clearing the government's Bitcoin address.