The German government sold approximately 49,858 Bitcoin between June and July 2024 at an average price of around $57,600 to $57,900 per coin, generating about $2
The German government sold approximately 49,858 Bitcoin between June and July 2024 at an average price of around $57,600 to $57,900 per coin, generating about $2.87 billion from the sale. Since then, Bitcoin’s price has surged to over $104,000, raising the current value of those coins to approximately $5.24 billion to $5.33 billion. This price increase means Germany missed out on unrealized profits estimated between $2.3 billion and $2.89 billion by selling its Bitcoin holdings early. Analysts have described this as a textbook example of missed opportunity, highlighting how strategic crypto reserves could have helped countries address budget deficits. The German government’s decision has drawn attention as Bitcoin approaches breaking its all-time high.
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Source: https://thedefiant.io/news/markets/german-government-misses-2-3-billion-profit-selling-49858-bitcoin-57900-amid-c3daea40