Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Germany's government asset management company missed out on a huge profit opportunity from Bitcoin
Between June 19 and July 12, 2024, the German government carried out a major Bitcoin sell-off. According to data tracked by Lookonchain and announced by Jinse Finance, Berlin’s missed profit reached a staggering amount: $2.46 billion.
The sell-off figures leave investors disheartened
This transaction scale is truly impressive: 49,858 BTC were transferred at an average price of $57,600 per coin. When the transaction was executed, the total value of this batch was only $2.87 billion.
If only they had waited a little longer…
As of now, the same 49,858 Bitcoin are worth up to $5.33 billion, with the current BTC price at $92.87K. This shows that the digital assets Berlin once held have appreciated significantly since they were sold.
Lessons from the sell-off decision
The $2.46 billion difference between the sale price then and the current value reflects a missed opportunity to hold. If the German government had waited longer or adopted a long-term holding strategy, the financial outcome would have been entirely different. This serves as a warning to regulators and public financial funds about the importance of timing in the cryptocurrency market.