German government’s “premature” Bitcoin sales result in losses rising to $3.4 billion
According to ChainCatcher, the German government previously sold all of its nearly 50,000 bitcoins at an average price of around $57,900. However, based on bitcoin's current price of approximately $125,000 today, these bitcoins would now be worth $6.29 billion, meaning the German government missed out on potential gains of up to $3.4 billion.
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
Iran situation wipes out Australian stock market gains since February
Jupiter launches multi-chain deposit feature, supporting four major networks
If Bitcoin drops below $66,000, the mainstream CEX long liquidation pressure will reach $514 million
