Update: German Government Bitcoin Sale – Massive Unrealised Losses

The German government has reportedly sold 49,858 $BTC at an average price of $57,900, according to BlockBeats. With Bitcoin now trading near $117,000, the decision has led to unrealizedlosses of roughly $2.98 billion compared to current market value.

Key Points:

BTC Sold: 49,858

Average Sale Price: $57,900

Current $BTC Price: ~$117,000

Estimated Loss: ~$2.98 billion

This move has drawn criticism from the crypto community and investors who argue that a more strategic approach or holding longer could have significantly increased the government's proceeds.

Stay tuned for further updates as this story develops.

$BTC #BTCBreaksATH #ETHBreaks3k #ShariaEarn #TrendTradingStrategy #BinanceHODLerLA