The post Germany Sold 49,858 Bitcoin for $2.89 Billion in June-July 2024, Missing Over $2.3 Billion as BTC Value Hits $5.3 Billion appeared on BitcoinEthereumNews.com.

The German government sold 49,858 Bitcoin (BTC) between June and July 2024 for approximately $2 The German government sold 49,858 Bitcoin (BTC) between June and July 2024 for approximately $2.89 billion, at an average price around $57,900 per BTC. Since the sale, the value of these BTC holdings has risen significantly, currently estimated at about $5.24 billion to $5.33 billion, resulting in an unrealized opportunity cost or missed profit of roughly $2.3 billion to $2.46 billion. The sale occurred during a period when Bitcoin was priced near $50,000 to $58,000. The decision to liquidate these assets has drawn attention due to the substantial gains foregone, although it remains unclear how the proceeds were subsequently invested or allocated by the government. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/markets/germany-sold-49858-bitcoin-2-89-billion-june-july-2024-missing-over-2-3-billion-8dd1711e

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Filed under: News - @ May 21, 2025 7:25 am