Germany Sells 50,000 BTC at $54,000, Missing $990 Million as U.S. Develops Strategic Bitcoin Reserve

Nov 6, 2024, 11:42 PM

Germany has reportedly sold its entire Bitcoin holdings at a price of $54,000 per Bitcoin, totaling approximately 50,000 BTC. Analysts suggest that had the country held onto its assets, it could have realized an additional $990 million in value. This decision comes as the U.S. government plans to establish a Strategic Bitcoin Reserve, raising questions about Germany's management of its cryptocurrency investments. Critics have labeled the decision to sell as a significant misstep, highlighting the contrast between Germany's actions and the anticipated U.S. strategy in the cryptocurrency market.