Bhutan Continues Selling Bitcoin Stash, As Reserve Falls to 4,400 BTC

Bhutan Sells $72M Bitcoin Amid Ongoing Portfolio Reduction

The Royal Government of Bhutan has transferred over $72 million in Bitcoin within 24 hours, extending its ongoing strategy of gradually reducing holdings amid evolving market conditions. Key Points Bhutan sold 973 BTC (~$72.3 million) in six transactions, continuing a steady sell-off of its Bitcoin reserves.Visit Website

Bhutan moves $72M in Bitcoin as sovereign holdings continue to decline

Bhutan has transferred roughly $72.3 million in Bitcoin over the past 24 hours, continuing a steady pattern of trimming its sovereign holdings. According to Arkham Intelligence data, Druk Holding and Investments, which manages the country’s crypto mining and treasury operations,…

Bhutan’s Sovereign Fund Shifts Over $70 Million In Bitcoin,

Bhutan’s Druk Holding moved nearly $73 million in bitcoin within two days. Arkham Intelligence linked the transfers to ongoing strategic repositioning activities. Continue Reading:Bhutan’s Sovereign Fund Shifts Over $70 Million In Bitcoin, Raises Questions The post Bhutan’s Sovereign Fund Shifts Ove...

Bhutan Transfers 973 Bitcoin Worth $72M Across Multiple Wallets

The Royal Government of Bhutan transferred 973 Bitcoins, valued at about $72.3 million, within a 24-hour period. The transactions were carried out across various addresses, involving the Royal Government of Bhutan’s sovereign wealth fund, Druk Holding & Investments. Arkham Intelligence, a blockchain analysis firm, revealed that two unknown wallets received an additional $44.4 million in Bitcoin transfers. Meanwhile, 20.5 BTC, valued at almost $1…

Bhutan Continues Selling Bitcoin Stash, As Reserve Falls to 4,400 BTC

The Kingdom of Bhutan has sold more of its BTC reserve, raising speculation about the country's mining operations amid the ongoing market downturn.

Bhutan Dumps $72M in Bitcoin Again: Has It Stopped Mining?

Bhutan moved approximately 973 BTC worth $72.3 million in a 24-hour window. On-chain data shows no Bitcoin mining inflow exceeding $100,000 in over 12 months. Bhutan has deposited a total of $383.41 million into exchanges since August 2021. The Royal Government of Bhutan moved roughly 973 Bitcoin, worth approximately $72.3 million, out of its known addresses within 24 hours. On-chain data tracked by Arkham Intelligence shows the transfers began …