- German government’s 49,858 BTC sell-off in July 2024 could’ve been worth $5.24 billion.
- The means that if Germany hadn’t sold, they would have been in a profit of $2.3 billion.
- The crypto market waits to see if a short squeeze will come through for BTC soon.
The price of Bitcoin (BTC) currently sits at over $106,400 according to CoinMarketCap analytics. The asset is up by over 21% in the last month showing its steady growth in Q2 of 2025. This growth means that the German government’s 49,585 BTC sell off at $57,000 in July 2024 would have been worth $5.24 billion with a profit of $2.3 billion at current prices.
Germany’s BTC Sell-Off Now Worth $5.24 Billion
The nature of Bitcoin (BTC) ensures that the price will always steadily rise, as like other promising assets, its value increased as demand increases and supply falls. As a resource with limited supply that continues to dwindle BTC will only continue to pump. Bitcoin is capped at 21 million and about 20 million has already been mined, with the remaining to be fully mined by 2024.
Presently, as the ongoing bull run continues, analysts and traders are noticing a significant fall in BTC supply on centralized crypto exchanges. This falls in line with many predictions of a BTC supply shock from reputed crypto analysts at the start of the bull cycle. In fact, ETH is also facing the same supply shock, hitting its lowest exchange supply available for the first time ever, marking the growing popularity of ETH alongside BTC.
This goes to show that holding BTC and ETH in the long run is likely always more promising than selling a highly values asset, like Bitcoin in particular. Additionally, financial experts like Robert Kiyosaki have repeatedly shared their opinions on Bitcoin (BTC). In particular, Kiyosaki says that Bitcoin is one of the only few real assets holding real value alongside gold and silver and encourages all to hold BTC as a hedge against possible financial crises.
⚡️ INSIGHT: If the German Government didn't sell their 49,858 $BTC at $57,900 in July 2024, it would be worth $5.24B with $2.3B in profit. pic.twitter.com/XKD41VsXvz
— Cointelegraph (@Cointelegraph) May 21, 2025
In July 2024, traders were highly disappointed with the German Government for selling its 49,858 BTC at $57,000. This not only created a delay in the arrival of the bull market, but ensured that Germany was losing out on huge gains, that was just over a quarter away. That November, Bitcoin (BTC) went on to set its new ATH, triggering a string of new ATH targets until BTC entered 6-digit prices in a matter of weeks.
As the post above confirms, had not the German government sold their 49,858 BTC holdings then that accumulation would have amounted to a total value of $5.28 billion with current prices. This means that Germany would have seen a profit of $2.3 billion. This stands as a lesson to many who panic sell their crypto assets and miss out on impressive agains.
Massive Short Squeeze Incoming for BTC
At the moment, the crypto market waits with bated breath over several short orders being liquidated. Many analysts expected a small dip to $99,000 before a parabolic surge to new highs for BTC. However, based on BTC growing value, it looks like over $23.8 billion worth of BTC could be shorted if BTC hits a price of $107,627. Will this short squeeze come through?
