Germany Sold 49,858 Bitcoin for $2.89 Billion in June-July 2024, Missing Over $2.3 Billion as BTC Value Hits $5.3 Billion

The German government sold 49,858 Bitcoin (BTC) between June and July 2024 for approximately $2.89 billion, at an average price around $57,900 per BTC. Since the sale, the value of these BTC holdings has risen significantly, currently estimated at about $5.24 billion to $5.33 billion, resulting in an unrealized opportunity cost or missed profit of roughly $2.3 billion to $2.46 billion. The sale occurred during a period when Bitcoin was priced near $50,000 to $58,000. The decision to liquidate these assets has drawn attention due to the substantial gains foregone, although it remains unclear how the proceeds were subsequently invested or allocated by the government.

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