Bhutan Cuts Bitcoin Reserves by 60% – Will It Sell the Entire BTC Stockpile?
The Royal Government of Bhutan has liquidated approximately $120 million in Bitcoin since the start of the year. This move accelerates a divestment strategy that has reduced the Himalayan kingdom’s digital reserves by more than 60% from their peak. Why is Bhutan Aggressively Selling its Bitcoin Holdings? On March 28, blockchain analytics platform Arkham Intelligence reported that the latest transaction occurred on March 27, when the government moved 123. 7 BTC—valued at roughly $8
BTC
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