German Government Misjudges BTC Potential... Misses Out on $120M in Additional Profits

"German government misjudges BTC potential, fails to secure $124 million in extra revenue," Cointelegraph reports. The German government recently sold a total of 49,858 BTC, realizing a profit of €2.6 billion ($3.92 trillion). However, since the German government sold all of its BTC, the price of BTC has increased by more than 16% due to the impact of the attempted assassination of former US President Donald Trump. As a result, the German government was unable to cash out its BTC holdings early enough to secure a larger profit, the media noted. Earlier, the German government said, "The BTC sale is an emergency sale pursuant to the German Code of Criminal Procedure. The German Criminal Procedure Code requires the sale of seized assets if there is a risk of losing more than 10% of their value."