Bhutan Govt. Moves $18M in Bitcoin Amid BTC Sell-off Spree

Bhutan Sells $18.46M BTC in 24H, But $264M Still Unloaded

The Royal Government of Bhutan has sold more Bitcoin in the past 24 hours. According to Arkham data, the country moved about $18.46 million worth of BTC. This latest sale adds to a steady trend. Bhutan has been reducing its Bitcoin holdings over the past few months. While the selling continues, the country still holds a large amount of BTC. Fresh Bitcoin Outflows in 24 Hours Recent blockchain data shows multiple transactions linked to Bhutan’s s…

Bhutan Transfers 250 BTC to New Wallet Amid Shrinking Holdings Trend

Bhutan’s Royal Government has transferred 250 BTC, which is valued at around $18.46 million, into a new wallet created on the blockchain network, as seen on data from Arkham Intelligence, as per reports on Wednesday. The movement is part of a rising trend of large BTC transactions connected to the nation’s total holdings. Source: Arkham Intelligence This most recent transfer represents one of several transfers that have led to a significant decr…

Bhutan Govt. Moves $18M in Bitcoin Amid BTC Sell-off Spree

The Bhutan government has continued moving Bitcoin (BTC) as the country intensifies its selling spree. The government-linked wallets shifted over $18 million worth of BTC today, according to on-chain records. It coincides with a downturn in the crypto market, which would further weigh on the BTC price trajectory. Ad Ad Bhutan Government Transfers Bitcoin Today The post Bhutan Govt. Moves $18M in Bitcoin Amid BTC Sell-off Spree appeared first on …