A recent analysis by blockchain intelligence platform Arkham reveals that Germany’s government missed out on substantial gains by selling 49,858 bitcoins between June and July 2024. These sales, conducted through a designated ‘German Government (BKA)’ wallet at an average price of approximately $57,900 per bitcoin, totaled roughly $2.89 billion. These bitcoins were originally seized by Germany’s Federal Criminal Police Office (BKA) from the operators of the file-sharing website Movie2k. 💰 However, as of May 2025, Bitcoin’s price surged past $104,700. If held, this could have translated into a potential gain of over $2.35 billion, exceeding the value realized from the sales. Arkham founder Miguel Morel suggests that these quick-sale methods may have contributed to suboptimal market execution and hindered potential long-term gains.