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German Government's Bitcoin Sale: A $2.67B Opportunity Cost Revealed
Gate News bot message, The German government conducted a significant Bitcoin sale between June 19 and July 12, 2024, disposing of 49,858 BTC valued at $2.87 billion. The transaction occurred at an average price of $57,600 per BTC.
The same Bitcoin holdings have now reached a value of $5.54 billion, representing a $2.67 billion difference from the sale price. The government of Bhutan emerged as a more strategic player in Bitcoin transactions compared to their German counterparts.