Bhutan Accelerates Bitcoin Sales, Offloading 512.84 BTC Worth $59.47 Million in Four Days
2025-07-14 07:29:04
Main Idea
The Kingdom of Bhutan has sold 512.84 BTC worth $59.47 million in four days but still holds a significant reserve of 11,411 BTC valued at $1.4 billion.
Key Points
1. Bhutan sold 512.84 BTC worth $59.47 million over four days.
2. The Bhutanese government still holds 11,411 BTC, valued at approximately $1.4 billion.
3. This sale represents a strategic adjustment in Bhutan's cryptocurrency holdings amid changing market conditions.
Description
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
$BTC
$121855.5
+2.94%
$FORM
$3.3468
-0.69%
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