German Government’s Bitcoin “Premature Sale” Has Resulted in $3.11 Billion in Losses
According to a report by Jinse Finance, and as monitored by Spot On Chain, the German government sold all of its 49,858 Bitcoin holdings between June 19 and July 12, with a total value of approximately $2.87 billion and an average selling price of $57,600. However, based on Bitcoin’s recent surge past $120,000, the current value of these Bitcoins would be $5.98 billion, meaning the German government missed out on up to $3.11 billion in potential gains.
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