Member of the German Bundestag, Joana Cotar, has heavily critcized the government’s decision to “hastily” sell the bitcoin in its possession, urging it to develop a comprehensive bitcoin strategy.

“Instead of holding bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale,” the independent MP and bitcoin advocate wrote on Thursday, according to a translated X post.

Cotar said this was “not sensible” and “counterproductive,” inviting German Chancellor Olaf Scholz, Prime Minister Michael Kretschmer and Finance Minister Christian Lindner to a “Bitcoin Strategies for Nation States” event on Oct. 17, hosted by Samson Mow, CEO of bitcoin company Jan3.

Cotar also attached a letter she sent to Prime Minister Kretschmer on …