The German government sold approximately 49,858 Bitcoin between June and July 2024 at an average price of around $57,600 to $57,900 per coin
The German government appears to have missed out on a hefty profit by selling its Bitcoin holdings early, according to recent reports.
Between June and July 2024, the government sold approximately 49,858 Bitcoin at an average price of around $57,600 to $57,900 per coin, generating about $2.87 billion from the sale.
However, since then, Bitcoin's price has surged to over $104,000, raising the current value of those coins to approximately $5.24 billion to $5.33 billion.
This price increase means Germany missed out on unrealized profits estimated between $2.3 billion and $2.89 billion by selling its Bitcoin holdings early.
Analysts have described this as a textbook example of missed opportunity, especially considering how strategic crypto reserves could have helped countries address budget deficits.
The German government's decision has drawn attention as Bitcoin approaches breaking its all-time high.
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