The German government has reportedly completed its Bitcoin sales, according to blockchain analysis firm Arkham Intelligence. The government's main account now shows a zero balance, indicating that the last of the Bitcoin, valued at over $2 billion, was likely sold through exchanges like Coinbase Global Inc., Kraken, and Bitstamp. This move comes after weeks of market speculation regarding the sales.

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The German government has sent out its last Bitcoin on Friday, possibly ending billions of dollars in sales that have been the subject of market speculation in recent weeks, according to data from blockchain analysis firm Arkham Intelligence.The government, which has a zero balance in its main account, likely started selling its cache of more than $2 billion in Bitcoin through exchanges such as Coinbase Global Inc., Kraken and Bitstamp three weeks ago, according to Arkham’s record of transactions. Arkham didn’t immediately return a request for comment.