In the context of rising Bitcoin prices, the sale of cryptocurrency by the governments of Bhutan and Germany reveals a stark contrast in effectiveness.
Bhutan's Successful Bitcoin Sales
Over the past year, the [Royal Government of Bhutan](https://info.arkm.com/research/royal-government-of-bhutan-btc-holdings) sold 2,162 Bitcoins worth $188.65 million. Bhutan managed to sell its BTC at an average price of $87,249 per coin across five transactions. These sales occurred during a period of stable market growth, indicating effective and timely market entry by the Bhutanese administration.
Germany's Early Selling Losses
In sharp contrast, the German government sold 49,858 BTC for a total of $2.87 billion between June 19 and July 12, 2024, at an average of $57,600 per coin. Currently, that same stash would be worth about $5.54 billion, resulting in a missed profit of $2.67 billion in unrealized gains. A significant fact is that Germany liquidated its BTC just before a substantial price increase.
Conclusion on Cryptocurrency Selling Strategies
The contrasting approaches of the two governments in selling cryptocurrency highlight the importance of timing and strategy. Bhutan's cautious and calculated approach has proven lucrative, while Germany's early sales have led to considerable losses.
Thus, as Bitcoin reaches new all-time highs, governments and institutions should reconsider their strategies for managing digital assets.
