Key dealers
- The German authorities have met a $ 3 billion loss in potential profits by selling their Bitcoin holdings prematurely.
- Similarly previous US government bitcoin sales have resulted in missed profits, as the holdings auctioned for $ 366 million would now be worth over $ 23 billion.
The German government missed an estimated $ 3 billion in profit after unloading almost 50,000 bitcoin in July last year to $ 57,900 each, as digital asset now trading over $ 120,000, according to TradingView data.
Sales of 49,858 Bitcoin, which was carried out between June 19 and July 12, generated approximately $ 2.8 billion from assets seized in the “Movie2K” offense. At today’s market prices, the same holding would be valued at about $ 6 billion.
Bitcoin grew over 10% this week to reach a new highest time at Over $ 121,000 On Sunday. At the time of reporting, Bitcoin switched hand to about $ 120,700, showing the tradingview data.
The US government has seen similar missed gains. Over the past decade, more than 195,000 bitcoin auctioned for $ 366 million. As Tracked By Casa CSO Jameson’s race, the same Bitcoin stash would now be valued at over $ 23 billion.
The US government currently has over 198,000 BTC worth almost $ 24 billion, according to data From Arkham Intelligence.