The German government experienced a significant financial loss after selling its Bitcoin holdings in the summer of 2024, missing out on a potential profit of over $2.3 billion. According to blockchain intelligence firm Arkham, the government sold 49,858 Bitcoin at an average price of $57,900, amounting to approximately $2.89 billion. Had the government retained its holdings, the value would have surged to $5.24 billion due to a more than 80% increase in Bitcoin's price since the sale, which saw the cryptocurrency trading over $104,700 at the time of publication. Arkham highlighted that the wallet managing these transactions had hastily sold its Bitcoin across multiple exchanges without optimizing for better profitability. As a result, the transactions potentially maximized liquidity rather than ensuring minimal market impact, leading to the substantial missed profits. Bitcoin's recovery above the $60,000 mark in mid-July 2024 followed the exhausting of the German wallet's Bitcoin supply, alleviating concerns about ongoing selling pressure among investors.

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