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TechFlow, May 21 — According to on-chain analytics platform Lookonchain (@lookonchain), the German government sold 49,858 bitcoins between June 19 and July 12, 2024, at an average price of $57,600, generating a total of $2.87 billion. With bitcoin now nearing its all-time high, these bitcoins would be worth $5.33 billion today, meaning the German government missed out on $2.46 billion in potential gains due to the early sale.
According to on-chain analytics platform Lookonchain (@lookonchain), the German government sold 49,858 bitcoins at an average price of $57,600 between June 19 and July 12, 2024, generating a total of $2.87 billion. With bitcoin now nearing its all-time high, those bitcoins would be worth $5.33 billion today, meaning the German government missed out on $2.46 billion in potential gains by selling early.
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