The German authorities bought 49,858 Bitcoin (BTC) between June and July 2024 for about $2
The German authorities bought 49,858 Bitcoin (BTC) between June and July 2024 for about $2.89 billion, at a median value round $57,900 per BTC. Because the sale, the worth of those BTC holdings has risen considerably, presently estimated at about $5.24 billion to $5.33 billion, leading to an unrealized alternative price or missed revenue of roughly $2.3 billion to $2.46 billion. The sale occurred throughout a interval when Bitcoin was priced close to $50,000 to $58,000. The choice to liquidate these property has drawn consideration as a result of substantial features foregone, though it stays unclear how the proceeds had been subsequently invested or allotted by the federal government.
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