German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

The German government missed out on over $2 billion worth of Bitcoin profit after selling its Bitcoin holdings in 2024, according to blockchain intelligence firm Arkham. A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2. 89 billion at an average price of $57,900 across multiple transactions during June and July in 2024. The decision to sell the Bitcoin early cost the German government over $2 source: https://cointelegraph.com/news/german-gov-t-missed-2-3b-bitcoin-profit-sold-btc-57k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound