The German government has sold $376 million worth of Bitcoin in the past 16 hours. The specific transactions include selling 10,627 Bitcoins at an average price of $57,976, totaling $616 million, and repurchasing 4,169 Bitcoins at an average price of $57,469, totaling $240 million. Currently, the German government holds 9,094 Bitcoins, valued at approximately $520 million, representing only 18% of the initial quantity. It is expected that the German government may sell all remaining Bitcoins in the next 1-2 days.
The German government has sold $376 million worth of Bitcoin in the past 16 hours. The specific transactions include selling 10,627 Bitcoins at an average price of $57,976, totaling $616 million, and repurchasing 4,169 Bitcoins at an average price of $57,469, totaling $240 million. Currently, the German government holds 9,094 Bitcoins, valued at approximately $520 million, representing only 18% of the initial quantity. It is expected that the German government may sell all remaining Bitcoins in the next 1-2 days.
