The German government has conducted large-scale Bitcoin transactions in the past 16 hours, selling a total of $496 million worth of Bitcoin. These transactions include selling 10,853 Bitcoins (approximately $637 million) at a price of $58,659 and repurchasing 2,442 Bitcoins (approximately $141 million) at a price of $57,560. Currently, the German government's Bitcoin wallet address holds 15,552 Bitcoins, worth approximately $894 million.