Four months ago, the German government sold about 50,000 bitcoins, and the asset price subsequently rose sharply.
Data shows that in July, the German government sold 50,000 bitcoins for $2.88 billion as part of a plan to seize bitcoins from the now defunct movie piracy website Movie2K. The average selling price of these bitcoins was $57,600. On November 11, Bitcoin rose by nearly $10,000 in a single day - the largest single-day increase in Bitcoin's history, so its holdings of bitcoin are now worth up to $4.5 billion, which means that the German government missed out on profits of about $1.6 billion by selling bitcoins too early. (TheBlock)