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.

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.