Post
Topic
Board Bitcoin Discussion
Re: Germany to Reinvest in Bitcoin After $3.1 Billion Loss in Previous Sale
by
Value.Virtue
on 26/01/2025, 00:27:24 UTC
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.

Yes, they only had less in profit as they sold it out earlier rather than lost since it cost them nothing except time in holding it, Moreover, German's idea is a welcome development and I also believe now that it will trigger many other giant countries to follow suit in little time.