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The German government recently lost an additional USD 124 million in Bitcoin gain
The price of Bitcoin rose just after Germany's sale
On July 13, the state of Saxony in Germany completed the sale of the 50,000 BTC reserve that had been confiscated from the movie piracy site, movie2k, generating around USD 2.87 billion. In doing so, they secured a profit of over USD 740 million compared to their acquisition cost of USD 2.13 billion in January.
However, just after its sale, Bitcoin prices surged by up to 16.55%, driven by the assassination attempt on former United States President Donald Trump, which has increased his chances of re-election in November.
The government of Saxony's odds of generating maximum returns were highest in March, when BTC renewed its all-time high at around USD 74,000.