How Much Money Would Germany Make if it Sold all its Bitcoin at Today’s Prices?

After several weeks of a major sell-off, the German government liquidated the last of its Bitcoin holdings last Friday.

Over the past three weeks, the German government has sold nearly 50,000 BTC that was previously seized from a piracy website.

This massive sell-off has put significant pressure on the price of the digital currency, preventing it from breaking above $60,000 and even causing it to plunge to a four-month low.

However, the market was then reminded of its dynamics and surprisingly saw a strong rise and since then Bitcoin has appreciated, crossing the $65,000 mark and staying there for the past few months.

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How Much Money Would Germany Make if it Sold all its Bitcoin at Today’s Prices?

Had the German government not sold its BTC tokens, today (July 17) the value would have reached $3.270 billion, with the asset price at $65,400 at the time of writing. Considering that at the time of confiscation those 50,000 BTC were worth about $2.2 billion, the country would have made over $1 billion profit had it sold them at today’s prices.

German lawmaker Johanna Cotard earlier criticized the large-scale sale of state crypto holdings, describing it as “unheard of and counterproductive.” She suggested that Bitcoin could be used effectively as a strategic reserve currency, a concept currently being discussed in several countries.

When the government decided to liquidate all its Bitcoin holdings, Kotar sarcastically stated:

Congratulations, you’d have to be pretty stupid to do something like that.

Alexander Stefanov