Ouch! The German government sold BTC six months early and earned $2.2 billion less, while El Salvador's BTC holdings approached 6000 coins.

BTC broke through $100,000 today, a milestone that excited market investors. Salvadorean Auto-InvestBTC’s daily holdings also broke through $600 million in this context. However, where there is joy, there is also concern. The German government sold 50,000 BTC in July, with a sell-off amount of $2.22 billion. BTC officially broke through $100,000 this morning, achieving a six-digit price milestone. Analysts point out that there are many factors that contributed to BTC’s breakthrough today, including favourable comments by Russian President Putin and US Federal Reserve Chairman Powell on BTC, and Trump’s nomination of Paul Atkins, who holds a friendly position towards Cryptocurrency, as SEC chairman. From these events, it is clear that many individuals and countries that once sneered at BTC have gradually turned to support it, indicating that BTC’s development is becoming an unstoppable trend. However, one national president who recognized the huge potential of BTC as early as 2021 is Nayib Bukele, the president of El Salvador. Under Bukele’s active promotion, El Salvador officially listed BTC as legal tender in September 2021 and actively promoted multiple BTC policies, including Auto-Investing 1 BTC daily. According to data monitoring platform Arkham, due to Auto-Invest’s unremitting efforts, El Salvador currently holds a total of 5,954.76 BTC, and its total holdings value has reached $604 million after BTC broke through $100,000. Furthermore, according to BitcoinTreasuries data, there are 9 national governments that hold BTC in government holdings, with El Salvador ranking sixth with 5,955 BTC, followed by the US with 198,109 BTC, China with 190,000 BTC, the UK with 61,245 BTC, Ukraine with 46,351 BTC, Bhutan with 12,211 BTC, Venezuela with 240 BTC, Finland with 90 BTC, and Georgia with 66 BTC. German government sold off $2.22 billion. On the other hand, some observant readers may have noticed that the German government’s BTC holdings are zero, so why can it be ranked on the list? In fact, it is because the German government confiscated up to 50,000 BTC from the pirated movie website Movie2k in January this year. However, in mid-June, the German government began to dump these 50,000 BTC and sold them all in mid-July, with an estimated average selling price of $57,900. Moreover, if calculated at the current BTC price of $102,300, if the German government still holds these 50,000 BTC, their value is as high as $5.115 billion. Subtracting the $2.895 billion obtained from the sell-off, their sell-off value is as high as $2.22 billion.