German Government’s 50,000 BTC Would Be Worth $3.27 Billion If It Had Not Sold

The German government continued to dump its BTC even after the price had crashed, and by the time the last tranche of coins were sold, the Bitcoin price was trending around $53,000.

The German government's decision to sell off its 50,000 Bitcoin (BTC) holdings has been met with criticism, especially as the crypto market has rebounded and BTC price has risen over 20% since then. If the government had held onto its BTC during this time, its holdings would now be worth significantly more.

According to data, the German government sold off its BTC holdings in tranches, with the last tranche being sold when the BTC price was trending around $53,000. This puts the average sell-off price somewhere around $57,000, bringing the total realized value from the sale up to approximately $3 billion.

However, if the German government had not sold any of its 50,000 BTC and had held into the recovery, the dollar value of the coins would be notably higher. Going by the current BTC value at the time of writing, which is around $65,400, the holdings would have been worth $3.27 billion by now.

In less than a week, the German government's 50,000 BTC would be worth $270 million higher, simply by holding. This highlights the potential for profit that was passed up by the government for selling so early.

The government's sell-offs also drew attention from German residents, with Jaona Cotar, a member of the German Bundestag, criticizing the move. In an X (formerly Twitter) post, Cotar lamented the fact that the country now holds 0 Bitcoin.

"That is how many #Bitcoin Germany still has of the 50,000. Congratulations, you have to be that stupid to be able to do that," the X post reads.

Bitcoin Bullish After Sell-Offs

While the German government's Bitcoin sell-offs were bearish at the time, the aftermath has demonstrated Bitcoin's current strength. Following the government's wallet reaching zero at the end of last week, the BTC price began to rebound, taking the entire crypto market with it.

The price has risen 20% since then, moving from trending around $53,000 to trading as high as $66,000 in the early hours of Wednesday. Market sentiment has also shifted drastically, moving from Extreme Fear to Greed in just less than one week.

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