Missed Bitcoin Opportunity: Germany Lost Billions in Potential Gains

Germany sold a substantial 49,858 BTC at an average price of $57,900 in July 2024, leaving them with an unrealized profit loss of approximately $2.3 billion. If held, this Bitcoin stash would be worth over $5.2 billion today. This decision has raised questions about Germany’s early liquidation strategy for digital assets seized from illegal operations. While the government did secure a reported $2.8 billion from the sale, selling at that time was considered a risk-averse move aimed to avoid market volatility and convert into readily available fiat currency.