German government sells nearly 50,000 Bitcoins in 2024, missing out on $2.3 billion in potential revenue

Odaily Planet News - According to data from blockchain intelligence platform Arkham, the German government sold 49,858 Bitcoins through a wallet address labeled "German Government (BKA)" between June and July 2024, with an average selling price of approximately $57,900, totaling around $2.89 billion. These Bitcoins were originally seized by the German Federal Criminal Police Office (BKA) from the operators of the pirated movie website Movie2k. As of May 2025, Bitcoin's price has risen to over $104,700. If the German government had held onto the coins until now, their market value would have reached approximately $5.24 billion, meaning they missed out on potential gains of around $2.35 billion. Arkham founder Miguel Morel stated that the government's selling method indicates an urgent need for liquidity and may not have achieved the optimal market execution. (Cointelegraph)