The German government completed last Friday the sale of all the Bitcoins under its ownership, according to data from Arkham Intelligence.
The final transaction consisted of 3,846 Bitcoins, which were sent to the entities "Flow Traders and 139Po."
Arkham Intelligence believes these entities are most likely institutional depository or over-the-counter (OTC) providers.
This sale was the culmination of weeks of consistent selling by the German government, with tens of thousands of Bitcoins sold in multiple batches.
Most of the 50,000 Bitcoins sold in the last three weeks were seized assets.