Bhutan Accelerates Bitcoin Sales, Offloading 512.84 BTC Worth $59.47 Million in Four Days

Recent data from Lookonchain reveals that the Kingdom of Bhutan has significantly increased its Bitcoin liquidation activities. Over the last four days, Bhutan has offloaded a substantial 512.84 bitcoins, translating to roughly $59.47 million in value. Despite this accelerated selling trend, the Bhutanese government retains a considerable cryptocurrency reserve, currently holding 11,411 bitcoins. At prevailing market prices, this reserve is valued at approximately $1.4 billion. This strategic adjustment in Bhutan’s digital asset portfolio highlights the nation’s active management of its crypto holdings amid evolving market conditions.