In mid-2024, the German government sold approximately 49,858 Bitcoin at an average price around $54,000 to $57,600 per coin. Since then, Bitcoin's price has surged to over $104,000, effectively doubling in value. This early sale resulted in Germany missing out on an estimated $2.3 billion to $2.8 billion in potential profits. The decision to liquidate the Bitcoin holdings, which were reportedly seized assets from the state of Saxony, faced some political criticism at the time. The missed gains have drawn attention as Bitcoin approaches new all-time highs, highlighting the financial impact of the government's timing in selling its cryptocurrency assets.
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