This is a big loss! Germany sells BTC in a hurry, missing out on a profit of 1.3 billion pounds, and the United States also misses out on a profit of 16 billion pounds.

After the US presidential election, the Trump team almost won all. BTC surged to $85,000. At the same time, retail investors and institutional investors were celebrating, corporate entities that chose to sell BTC, instead of being optimistic, could only watch the price soar without benefiting from it.

Still dare to sell! Germany

In July, the German government dumped 50,000 BTC and exchanged them for $2.88 billion in national treasury reserves, with an average ask price of about $57,600. These BTC mostly came from the confiscated proceeds of pirate websites. The German government's dumping behavior seems cautious, but it actually missed out on a potential profit of up to $1.37 billion when BTC experienced a big pump to $85,000. According to Arkham Intelligence, the German government's BTC address now only holds 0.007 BTC, worth less than $600.

Image Source: Arkham Intelligence German Government BTC Address

The US government also sells

Germany is not the only government that has missed potential gains by selling early, according to Github data tracking platform. The United States has also sold different amounts of BTC in 11 auctions in the past decade. The data shows that the US government has sold a total of 195,091 BTC over the years, with total revenue of $366.5 million. However, at the current price of $85,000, these BTC are worth more than $16.5 billion, which means that the US government has missed a potential gain of $16 billion.

Image source: jlopp.github.io US BTC auction data

Trump: No selling BTC!

After Trump took office, the US government may adopt different strategies towards BTC. In the BTC conference in July this year, Trump once stated that he would prevent the US from selling the seized BTC and pointed out that BTC, as an emerging asset, has tremendous potential for appreciation and strategic value and should be used as a reserve asset of the Treasury.

Some U.S. congressmen have also discussed the strategic reserve of BTC. Previously, Senator Cynthia Lummis pushed for a "BTC Reserve Act" supported by both Republicans and Democrats, which plans to purchase 1 million BTC within five years; on the other hand, Congressman Ro Khanna also agreed with Trump's views and believed that confiscated BTC should be used as a national treasury reserve asset to reduce national debt as much as possible.

Disclaimer: The market carries risks, and investments should be made with caution. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own responsibility.

'This is a big loss! Germany's urgent sale of BTC missed out on 1.3 billion marks in profit, and the United States also missed out on 16 billion marks.' This article was first published in 'encryption city'