Germany's Early BTC Sale Results in $3.51B Potential Profit Loss

Gate News bot message, Germany completed a significant sale of 54,000 Bitcoin (BTC) at $57,900 in 2023, a transaction that resulted in $3.51 billion in unrealized profits based on current market prices. The liquidation was part of the German government's cryptocurrency asset management strategy.

The details emerged from recent market data analysis, highlighting one of the largest sovereign Bitcoin transactions of 2023. The sale represented a substantial portion of cryptocurrency assets previously seized by German authorities.

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