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Bitcoin trades near $62K, making Germany's $2.89B 2024 BTC sale look less costly amid recent price drop.

Market News
07 Jun 2026, 10:45 WIB
BeInCrypto
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Neutral
Bitcoin trades near $62K, making Germany's $2.89B 2024 BTC sale look less costly amid recent price drop.

In 2024, Germany sold 49,858 BTC for $2.89 billion at an average price of $57,900 after seizing the coins from piracy operators. Initially criticized as a huge loss since Bitcoin prices doubled afterward, recent market corrections have narrowed the gap to just 7% above Germany's sale price. A further 6% drop would push Bitcoin below the government's exit price, changing the narrative that the sale was a major economic mistake. This shift highlights the volatility and timing risks in crypto asset liquidation by governments.

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