That article is a bit misleading to me; firstly, there was no bitcoin reserve that was sold out, and no profit was lost.
Saxony is a city in Germany that sold confiscated Bitcoin and not the Bitcoin they bought and reserved, as the article presumes.
Berlin, the capital of Germany is the one that have proposed to buy bitcoin, which is what I will consider to be a reserve and not the first seized and sold-out bitcoin. Unless their is something that I’m missing..
It’s good news, and more of such will still be coming out, if not every month.
Saxony isn't a city; it's a state, right?
Anyway, indeed, the article seems to be bereft of facts. Are they even referring to Saxony's seized Bitcoin? Because if they are, those coins weren't sold in 2022. Those were sold mid of 2024.
Loss could be understood broadly. Missed opportunity could be considered as a loss. If the state liquidated its Bitcoin holdings and got $1 billion, but it could have sold it a few months later and would have raised $3 billion instead, there was indeed a loss.