"Germans are good at many things: engineering, beer, punctuality. But with Bitcoinโฆ they have more to learn. ๐ฉ๐ช
In the summer of 2024, the German government sold 50,000 BTC, seized from cases like Movie2K, at an average price of just $57,600 per Bitcoin. Total earnings: $2.88 billion.
Today, those BTC are worth $4.63 billion. Difference lost? $1.75 billion.
If they had kept the Bitcoin, they had more valuable reserves than the bullion. But hey, who has time to "hoddle" when you want to liquidate everything? ๐คทโโ๏ธ"