I know the news is very old about Germany
selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
In short, Germany could have made x2 profit if it had held its bitcoins for another 2-3 months, right? And if it had held for 6 months, it would have made x3 profit (if bitcoin had reached $150K by that time). And if 6 years, then x10? 60 years - x100? In general, it is known for certain that Germany was hasty with its actions and in the long run, these 49,858 BTC would have brought much more profit than selling them in August. The simplest confirmation is the current price.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss

But they could have made more profit don't get what's the hurry to sell them.
Because they "don't believe" in this crypto asset. That's the whole point.
Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
No need to be upset about their lost profits, Germany still made a good profit without spending anything (bitcoin were not bought with the state budget, but were seized and confiscated. So, these are free bitcoins).