Bhutan Speeds Up Bitcoin Selloff With Fresh $7.8M Move
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Bhutan moved another 100 BTC (~$7.83M) from state-linked wallets, per Arkham on-chain data, extending a controlled sovereign Bitcoin selloff. State-backed hydropower mining once amassed ~13,000 BTC; Bhutan has sold >$206M in 2026 as it unwinds reserves to fund national development. Crypto market impact: strategic state disposals inject supply and could exert selling pressure on Bitcoin prices while reallocating funds to fiscal projects.
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- Bhutan moves another 100 BTC, reinforcing a steady and controlled drawdown of its sovereign Bitcoin reserves.
- State-backed hydropower mining once built a 13,000 BTC reserve, now steadily unwound through strategic sales.
- With over $206M sold in 2026, Bhutan’s Bitcoin exit reflects a planned shift toward funding national development.
Bhutan moved another 100 BTC worth about $7.83 million from state-linked wallets, according to on-chain data from Arkham Intelligence, extending a gradual reduction of its national Bitcoin holdings.
The transfer is part of a broader liquidation strategy overseen by the Royal Government of Bhutan, which has been steadily trimming one of the largest sovereign Bitcoin positions accumulated through hydropower mining.
Arkham said in a post on X, “Bhutan is selling Bitcoin. Bhutan just moved another 100 BTC ($7.83M) out of its holding wa…
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