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.
Absolutely! After reading the thread subject, I was wondering, when did Germany invest in Bitcoin?
Indeed, no profit was lost. It's just that they could have made a higher profit but they had decided to sell off early. That's fine! Confiscated Bitcoins are not considered as an investment in any way. So whatever they have sold, it's pure profit for them - all 100%!
But honestly, I really do not want to see another big economy investing in Bitcoin and take out a huge amount of it out of the circulation for an indefinite period. Bitcoin is people's currency. It will thrive if it remains so!