German government missed $2.46B profit on early BTC sales

On-chain analyst Lookonchain reported on X that the German government sold 49,858 Bitcoin (BTC) between June 19 and July 12, 2024, at an average price of $57,600, totaling $2.87 billion. At current market prices, this amount of BTC would be valued at around $5.33 billion, representing a missed opportunity of $2.46 billion in potential profit.