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Germany's 2024 Bitcoin sale at $57,900 now looks smart as BTC nears that price amid market dips

Market News
07 Jun 2026
Blockonomi
View Source
Neutral
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In 2024, German authorities sold nearly 50,000 Bitcoin at an average price of $57,900, raising about $2.89 billion. Initially criticized as a poor decision when Bitcoin prices soared past $120,000, the sale now appears prudent as Bitcoin trades just 7% above that price and could fall below it with a small decline. This shift underscores changing market dynamics, intensified by $4.33 billion outflows from spot Bitcoin ETFs. Germany's move contrasts with other countries like El Salvador, which increased holdings, highlighting diverse government strategies in crypto management.

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