Bhutan Sells 319 BTC Again, Ownership Drops from 13,000 to 3,954 BTC

The Kingdom of Bhutan government has again transferred a large amount of Bitcoin assets.
In the latest transaction, Bhutan reportedly transferred about 319.7 BTC worth $22.68 million in just the past hour.
This move continues a selling trend that has been ongoing since October 28, 2024. During this period, Bhutan’s Bitcoin holdings fell sharply from around 13,000 BTC to 3,954 BTC.
That means more than 9,000 BTC have been released into the market, with a total value reaching approximately $640 juta.
Bhutan was previously known as one of the countries with significant Bitcoin holdings, most of which were acquired through mining activities that utilize hydro energy.
This decline in reserves indicates a liquidation or asset-management strategy by the government, although details on the sales’ purpose have not been officially disclosed.
This movement is also drawing attention from market participants, given that large transactions by a state entity can affect liquidity and sentiment in the crypto market.
With remaining holdings still substantial, Bhutan’s activity in the Bitcoin market remains one of the factors monitored by global investors.
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