Germany's 2024 Bitcoin Sale: $2.89B Liquidation of Seized Assets Now Questioned as Price Gap Narrows
2h ago· 1 min readenNews
Summary
Germany sold 49,858 BTC (seized from the movie2k piracy site) in 2024 at ~$57,900 per coin, netting $2.89 billion. Critics argue the sale was poorly timed as bitcoin later surged toward $125,000, implying billions in missed gains. With bitcoin's recent pullback narrowing the gap to under $3,000, questions are being raised about whether Berlin should buy back the bitcoin.
Source
bskyGermany's 2024 Bitcoin Sale: $2.89B Liquidation of Seized Assets Now Questioned as Price Gap Narrowsbriefly.coKey quotes
· 3 pulledGermany sold 49,858 BTC in 2024 for about $2.89 billion, averaging roughly $57,900 per coin.
Critics argued the sale was poorly timed because bitcoin later climbed toward a $125,000 record, implying billions in foregone gains.
Reports at the time said Germany emptied its wallets entirely, leaving it out of bitcoin.
Bitcoin is trading under $3,000 above Germany’s 2024 average sale price for 49,858 seized BTC, reviving calls for governments to hold seized bitcoin.
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