Bitcoin (BTC) is trading near $62,000, nearly 7% above the average price of $57,900 that Germany received for the 49,858 BTC it sold in 2024. Arkham Intelligence says a 6% decline would push the market below the government’s exit level.
The on-chain analytics company set the threshold, tracking every movement of the portfolio when Germany liquidated the stash between June 19 and July 12, 2024.
Selling Bitcoin in Germany has become a reference point for the market
Saxon authorities confiscated nearly 50,000 bitcoins in January 2024 from the operators of the piracy site Movie2K.
Because German law treats the immediate liquidation of confiscated assets as standard procedure, the Govt The sale has concluded In just 23 days, route coins via Kraken, Bitstamp, Coinbase, Cumberland, and Flow Traders.
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The sale drew criticism for two years, and as Bitcoin doubled after liquidation, calculations based on a single year retrospectively showed that the stash would have fetched more than $6.6 billion, making Germany’s move of 2024 The worst economic mistake From the contract.
“I feel very sad for the German people. Of all the bad decisions being made for the country right now, this turns out to be the worst,” one Bitcoin investor male at that time.
A 6% decline would rewrite the story of selling too early
But the 2026 correction changed the comparison. Bitcoin recently It dropped to less than $60,000 on Binance and Coinbase for the first time since 2024, while spot ETFs bled $4.33 billion during 13-day outflow line.
At current prices, Germany’s exit no longer looks like a historical mistake. The gap between the market and the average selling price set by the government has narrowed from more than 100% at the peak in 2025 to less than 7%.
However, looking back, 2024 was a bad year for usGovernments are abandoning cryptocurrencies. ProverbsEl SalvadorandBhutandeliberately accumulated Bitcoin, while Germany tried to get rid of it.
Under President Biden and the United StatesIt also began liquidating its holdings. Between these two countries and Ukraine, which also carried out a complete liquidation, state-owned reserves fell by 12%.
Neither China nor the United Kingdom acquired or disposed of any assets that year.
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