Bhutan Quietly Sells Over $22M in Bitcoin: On-Chain Data

Bhutan Quietly Sells Over $22M in Bitcoin: On-Chain Data

Bhutan government wallet has moved more than $22 million in BTC out of sovereign wallets over the past week, on-chain data noted.

Bhutan Transfers Bitcoin Worth $22.4 Million Amid Market Fluctuations

Bhutan transfers 284.8 BTC worth $22.4 million, raising market concerns amid Bitcoin price drop.

Is Bhutan Selling Bitcoin? Government Sparks Sell-Off Concerns as BTC Crashes

Bhutan’s government has triggered fresh Bhutan Bitcoin sale speculation after on-chain data showed multiple BTC transfers. The moves came as Bitcoin dropped about 19% in a week and traded in the mid-$60,000s. However, on-chain records do not confirm an outright sale, since the BTC moved to unknown wallets rather than a clear exchange address. Bhutan The post Is Bhutan Selling Bitcoin? Government Sparks Sell-Off Concerns as BTC Crashes appeared f…

Bhutan Quietly Dumps Bitcoin Holdings As BTC Sinks Under $70,000 To Lowest Level Since October 2024

The Royal Government of Bhutan has begun offloading its Bitcoin (BTC) holdings after months of wallet inactivity.

Bhutan Sells $14M in BTC as State Bitcoin Holdings Decline

Bhutan-linked wallets moved roughly $14 million in bitcoin, signaling another reduction in the country’s state-managed BTC holdings, according to onchain data tied to Druk Holding & Investments.  The transaction reflects continued trimming of national bitcoin reserves that were built up through mining operations. Onchain records show the funds were transferred from government-associated addresses, consistent with prior drawdowns that have period…

Bhutan Transfers $22M in Bitcoin Amid Market Downturn

Analysts see routine treasury management as Bhutan moves Bitcoin to a market maker while the crypto trades 44% below its all-time high.