Royal Bitcoin Exit? Bhutan Unloads $60 Million Worth Of BTC
2025-07-15 04:10:21
Main Idea
The Royal Government of Bhutan sold $60 million worth of Bitcoin in four days but still holds a significant amount, while its Ethereum holdings remained unchanged despite price gains.
Key Points
1. Bhutan sold 512.84 BTC (worth $59.47 million) between July 10 and July 14, with the largest single transfer being 208.56 BTC ($23.18 million).
2. The country still holds 11,411 BTC, valued at approximately $1.4 billion, with its crypto treasury increasing by $73.33 million in a week due to Bitcoin's price rise.
3. Bhutan's Ethereum holdings remained steady at 656 ETH ($1.93 million), though its value increased due to an 18% rise in ETH price.
4. Bitcoin's price surged from $108,000 to $122,000 during the same period, contributing to Bhutan's crypto treasury growth.
5. Bhutan had previously transferred 213 BTC ($24 million) to Binance, yet its wallet holdings still increased from $1.26 billion to $1.30 billion between July 3 and July 10.
Description
In a move that caught many by surprise, the Royal Government of Bhutan sold nearly $60 million worth of Bitcoin in just four days. According to on‑chain data from Arkham Intelligence, the country shifted 512.84 BTC between July 10 and July 14. That haul represents a small slice of its overall stash, but it still adds up to a hefty sum. Strategic Profit Taking Based on reports tied to its sovereign investment arm, Bhutan’s wallet sent six separate Bitcoin transfers to Binance during that period. ...
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