A blockchain intelligence company named Arkham reported that the German government forfeited more than $2 billion in Bitcoin profits after liquidating its assets in 2024.
A cryptocurrency wallet labeled “German Government (BKA)” sold 49,858 Bitcoin, which amounted to more than $2.89 billion at an average price of $57,900 through several transactions in June and July 2024.
According to Arkham, the government’s early decision to sell its Bitcoin resulted in a loss exceeding $2.35 billion.