German government office holds 39,826 BTC, blockchain data shows

“Foolishly, the German government has transferred $390 million worth of BTC to exchanges and sold them for fiat currency over the past few weeks. From a geopolitical perspective, it is a strategic mistake for any country to sell its Bitcoin holdings for fiat currency, as they can simply print the latter out of thin air,” he said in the July 5 edition of the Blockware Intelligence newsletter.