The German government sold approximately 50,000 Bitcoin last year at an average price ranging between $54,000 and $65,000 per coin, generating roughly $2.7 billion to $2.9 billion in revenue. Current Bitcoin prices have more than doubled since the sale, reaching around $116,000 to $120,000 per coin. Had Germany retained its Bitcoin holdings, their value would now be between $5.64 billion and $6 billion. This premature liquidation resulted in missed unrealized gains estimated between $2.4 billion and $3.3 billion, with several sources citing a loss of around $3.1 billion. The sale was reportedly motivated by concerns over a potential value decline of 10% or more. In a related context, Bulgaria sold 213,500 Bitcoin in 2018 for $3.6 billion, which has since appreciated to approximately $25 billion, an amount close to the country's total public debt of $26 billion, suggesting that holding the assets could have potentially eliminated Bulgaria's debt.