Bitprismia

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. ...

>> go to origin page
Tags:
Uncategorized bhutan bitcoin btc btcusd crypto
📱 Full Version
$ETH
$3088.90
+2.67%
$FORM
$3.1439
-4.79%
$BTC
$117412.4
-2.08%

Bitcoinist

bitcoinist.com

Latest News