The German government's Bitcoin 'sell off' losses have reached $3.11 billion

According to Spot On Chain monitoring, the German government sold all 49858 bitcoins it held between June 19th and July 12th, with a total value of approximately $2.87 billion and an average selling price of $57600. However, based on Bitcoin's latest price breakthrough of $120000, the current value of these bitcoins will reach $5.98 billion, which means the German government has missed out on potential gains of up to $3.11 billion.