Bhutan's Bitcoin Sell-off Continues: 100 BTC Moved, Sales Exceed 7.9 Billion Baht

MGR Online•Economy•16d ago

Reader Briefing

Bhutan's government is accelerating its Bitcoin sell-off, moving another 100 BTC and bringing total sales since the start of 2026 to over $230 million, with potential for significant profit.

•Bhutan's government has moved approximately 100.44 BTC to an anonymous wallet.
•Total Bitcoin sales by Bhutan since the start of 2026 have exceeded $230 million.
•Analyst projections suggest Bhutan could realize a profit of $767 million if sold at current prices.
•Bhutan now holds approximately 3,119 BTC, a significant decrease from its peak of 13,000 BTC in October 2024.
•The motivation behind the latest transfer remains unclear, with possibilities ranging from profit-taking to internal fund consolidation.

Overview

•On an unspecified Tuesday in 2026, Bhutan's government moved approximately 100.44 BTC.
•Bhutan's government wallets transferred 100.44 BTC valued at over $8.2 million.
•This follows a trend of accelerating digital asset divestment by Bhutan since the start of 2026.
•Total net sales of Bitcoin by Bhutan since the start of 2026 have surpassed $230 million USD.
•The average monthly sales rate has reached approximately $50 million USD.
•Analysts predict Bhutan could exit the market with realized on-chain profits of $767 million USD if current prices are maintained.
•Bhutan's Bitcoin holdings have shrunk to approximately 3,119 BTC from a high of 13,000 BTC in October 2024.
•Bhutan, previously a significant Bitcoin miner using hydropower, is now seen shifting to a 'profit-seller' strategy.

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Key Entities

Place

Bhutan(ภูฏาน)ℹ️

A Himalayan kingdom whose government is actively selling Bitcoin reserves.

Organization

Arkham(อาร์คแฮม)

An on-chain data analytics platform that has been tracking Bhutan's Bitcoin holdings.

Druk Holding & Investments

The state investment agency responsible for managing Bhutan's government Bitcoin holdings.

Binanceℹ️

A major cryptocurrency exchange platform where some of Bhutan's Bitcoin may have been deposited.

Galaxy Digitalℹ️

A global investment management company involved in the digital asset space, potentially receiving funds from Bhutan's Bitcoin sales.