This is about the German government and their bitcoin investment, which shows how they had invested about 50,000 bitcoin and sold while the market was at $55,000.
More information on the chart from when they sold and rate to how it rises.
They sold at $55,000
The market is around $110,000
They missed out making 100% profits from the time they sold and rate to where the market is now.
The German governmnet did not invest in Bitcoin and they got those coins from seizures on criminal funds. There was no investment at beginning from German government, and they did not feel any reason to hold bitcoin for a longer time and possibility of getting more money from their sale.
Missing profit is more relevant for talking about investors while the German Government is not a Bitcoin investor.
News to confirm this.
Germany’s sale of seized Bitcoin could be dampening BTC prices further.Wondering... comparing the profits of the German government which obviously they don't invest but from criminal seizures so they don't think about profits.
Unless comparing with Saylor who is clearly an investor and continues to buy bitcoin then comparisons with investors like this might still make sense because we have to keep HODL if we want to get profits in the future.
And it is possible that the German government is selling its bitcoin on a court order or there are rules that must sell faster to deal with criminals.