Bitcoin: Germany lost $2.3 billion by selling its BTC too early

To sell or not to sell? That is the question the German government asked itself when it decided to part with its 49,858 bitcoins in June and July 2024. Unfortunately for them, they would have been better off holding onto their bitcoins a little longer. According to calculations by blockchain analysis firm Arkham, Germany lost $2.35 billion by selling its BTC at an average price of $57,900, whereas they would be worth over $5.24 billion today. A look back at a hasty sale that cost Berlin dearly.

Key points of this article:

The German government sold 49,858 bitcoins in June and July 2024, thereby losing $2.35 billion compared to their current value.

This hasty sale caused a shock in the market, as the bitcoins could have been worth over $5.24 billion today.