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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: $80,000 is the key resistance level for BTC, and a breakout could trigger amplified volatility
Data: The current Crypto Fear & Greed Index is 32, indicating a state of fear.
Data: If BTC breaks $80,965, the cumulative short liquidation intensity on major CEXs will reach $713 million.
RootData: CHEEL will unlock tokens worth approximately 2.82 million dollars in one week
Trending news
MoreCrypto prices
More
