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.
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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.