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

The government of the Kingdom of Bhutan 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 28 Oktober 2024. During this period, Bhutan’s Bitcoin holdings dropped sharply from around 13,000 BTC to 3,954 BTC.
This means that more than 9,000 BTC has 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 was acquired through mining activities that use hydro energy.
This reduction in reserves indicates a liquidation or asset management strategy carried out by the government, even though the specific purpose of the sales has not been officially disclosed.
This movement has also drawn attention from market participants, since large transactions by a state entity can affect liquidity and sentiment in the crypto market.
With remaining holdings still quite substantial, Bhutan’s activity in the Bitcoin market remains one of the factors monitored by global investors.
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