Express
German Government's Bitcoin 'Sell-off' Losses Rise to $3.4 Billion
Summary: According to reports, the German government previously sold all of its nearly 50,000 bitcoins at an average price of around $57,900 each. However, at today's price of around $125,000 per bitcoin, these bitcoins would be worth $62.9 billion, meaning the German government missed out on potential profits of up to $3.4 billion.
According to reports, the German government previously sold all of its nearly 50,000 bitcoins at an average price of around $57,900 each. However, at today's price of around $125,000 per bitcoin, these bitcoins would be worth $62.9 billion, meaning the German government missed out on potential profits of up to $3.4 billion.
