Agreed.
The rules are rules, and govs sure tend to follow those rather than something else or some targets that some put due to their stance on things.
So it was more logical for them to get rid of said BTC than to work on juridical workarounds to make something with it.

Yep.
On the scale of the government, if held appropriately - they are still in profit. Nothing wrong with that.
And I would love to see more development on this path in bigger countries abroad, about the reserves too.

One doesn't need to be a "fiat fanboy" to question the theory of a loss

Let's see:

There was no legal way to hodl for them. They could have passed a "don't sell a BTC" law like the one Trump wants to introduce, but that wasn't part of the agenda of most countries in 2024 (save El Salvador and Bhutan). They would also have had to make estimations of a higher return than the one they achieved (20-30% approximately). The long term Bitcoin trend could have hinted to a potential higher increase, but late 2024's price evolution was mostly news-driven and thus not that easy to predict.

This is wrong because "they" (=those wanting to buy a reserve) is only one political party, the FDP, with about 4-5% vote share (and 5% is the minimum to enter the German Parliament, so in the next election it is very uncertain if they even will enter). It won't be easy to convince the other parties to follow if they stay so low in the opinion polls.

I'm not sure if there was any way for them to do that. The "Ampel" coalition broke in early November, just a day after Trump's election victory, and just then the whole discussion about strategic reserves really took off. In July/August, when the BKA sold the coins, this idea was not as mainstream as today. And while there were some FDP members who did support a Bitcoin-friendly policy since 2013 or so, the government officials of the "Ampel" also didn't start any moves in the direction of a strategic reserve policy.

In my opinion the FDP did pick up the topic only after Trump's victory, having discovered Bitcoiners as a potential target group for the election in February and even adding it to their electoral platform (see here, page 16).

In addition, it wasn't that obvious in mid-2023 that the Bitcoin price could reach $100k that easily. At that time the price they achieved, between $55k and $65k, was a reasonable price.

I'm generally not that euphoric about government Central Bank bitcoin reserves, although I don't oppose them entirely -- but Bitcoin shouldn't need governments' intervention to be successful.

Maybe Germany knew what's at stake before even selling the seized bitcoins in their custody because I don't believe that they just couldn't hold anymore or were in a haste to take profits from what those bitcoins has accumulated since from when they were seized. Or perhaps it was an act of law which necessitated it and they needed to do it and get back to buying bitcoin directly as their own country reserve that's if this story about Germany buying bitcoin as reserve is anything to be true.