German govt sold its Bitcoins for under $60,000, costing over $326 million

The German government got $2.89 billion after selling all of its Bitcoin (BTC) holdings seized after closing the piracy platform Movie2k, mentioning a risk of a significant loss of value of around ten percent or more, as reported by on-chain intelligence firm Arkham Intelligence. Considering that the wallet had 49,858 BTC, the average price of each Bitcoin is $57,900.Therefore, by selling all... source: https://cryptobriefing.com/german-bitcoin-sale-loss/