Express

Data: German Government 'Sells Off' Bitcoin at Loss of $31.1 Billion

Summary: According to Spot On Chain monitoring, the German government sold all of its 49,858 bitcoins between June 19 and July 12 for approximately $28.7 billion, with an average selling price of $57,600. However, based on Bitcoin's latest breakthrough of $120,000, the current value of these bitcoins would reach $59.8 billion, meaning the German government missed ...

According to Spot On Chain monitoring, the German government sold all of its 49,858 bitcoins between June 19 and July 12 for approximately $28.7 billion, with an average selling price of $57,600. However, based on Bitcoin's latest breakthrough of $120,000, the current value of these bitcoins would reach $59.8 billion, meaning the German government missed out on potential earnings of up to $31.1 billion.

Last Update:

Tags:
Link: Data: German Government 'Sells Off' Bitcoin at Loss of $31.1 Billion [Copy]

Last: Insider Trader Loses Over $24.7 Million in Short Positions

Next: ELFi Protocol launches first registered airdrop, no cap on single user airdrop

Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 4 days ago

When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 6 days ago

Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 7 days ago

BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 8 days ago

The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 10 days ago