Arkham Data Shows Bhutan Unloaded $18M BTC as Sovereign Stash Dwindles

Bitcoin News: Bhutan Cuts Holdings Again After $18.46M Move in 24H

Key Insights: Bhutan moved $18.46M in BTC in 24 hours, extending its 2026 Bitcoin outflow trend. Bhutan’s Bitcoin reserves have fallen to about 3,524 BTC, valued at roughly $264 million. CryptoQuant data showed miner reserves dropped by about 61,000 BTC during this market cycle. Bitcoin news turned to Bhutan as fresh on-chain transfers revealed another cut in the country’s Bitcoin holdings. Analysts noted Bhutan actively reduced its position, s…

Arkham Data Shows Bhutan Unloaded $18M BTC as Sovereign Stash Dwindles

Selling involved roughly 250 BTC, transferred from state‑linked wallets to a new address. This latest sale pushes Bhutan’s total Bitcoin outflows for 2026 past 3,200 BTC. Government-linked wallets now hold about 3,500 BTC, a 70% drop in the last 18 months. The Royal Government of Bhutan sold another $18.46 million in Bitcoin, per Arkham Intelligence data. This continues a months‑long pattern of outflows from one of the most closely watched state…