Following weeks of transfers that rapidly accelerated starting Monday, the German government has fully cleared its Bitcoin wallets as of Friday afternoon, according to on-chain data curated by analytics firm Arkham Intelligence.

Germany has sent billions of dollars worth of Bitcoin to exchanges and market makers in recent days, with the apparent intention to liquidate the assets seized from criminals. While some of the funds have indeed come back to Germany's wallets following movements out, this is the first time that the wallets have been completely emptied.

Editor's note: This story is breaking and will be updated with additional details.