German Government's Bitcoin Sale Misses Potential Gains

According to Odaily, blockchain intelligence platform Arkham has revealed that the German government sold 49,858 bitcoins between June and July 2024. These sales were conducted through a wallet labeled 'German Government (BKA)' at an average price of approximately $57,900 per bitcoin, totaling around $2.89 billion. The bitcoins were originally seized by the German Federal Criminal Police Office (BKA) from the operators of the piracy website Movie2k. As of May 2025, the price of bitcoin has surged to over $104,700. If the German government had retained the bitcoins, their value would have reached approximately $5.24 billion, indicating a missed potential gain of about $2.35 billion. Arkham founder Miguel Morel commented that the manner of the sale suggests a desire for quick liquidity, which may have resulted in suboptimal market execution.