The German government sold its Bitcoin stash in the summer of 2024, which became a $2.3 billion missed opportunity for Europe’s largest economy.
The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham.
A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2.89 billion at an average price of $57,900 across multiple transactions during June and July in 2024.
The decision to sell the Bitcoin early cost the German government over $2.35 billion, according to crypto intelligence platform Arkham.
