The German government missed out on an additional $124 million in potential Bitcoin gains by selling its holdings too early. On July 13, Saxony state sold 50,000 BTC seized from the movie piracy website movie2k, generating $2.87 billion and securing a profit of $740 million compared to their acquisition cost of $2.13 billion in January. However, shortly after the sale, Bitcoin prices surged by 16.55%, partly due to an assassination attempt on former U.S. President Donald Trump, which boosted his re-election odds.

Had the government sold the Bitcoin in March when prices peaked at around $74,000, they could have realized $1.5 billion in profits. The Dresden Public Prosecutor's Office ordered the "emergency sales" due to legal requirements to prevent potential losses of more than 10% in value. Despite achieving a fair market price, the timing led to a significant missed opportunity for higher returns.

Source: Cointelegraph