Bhutan government sells 10,451 BTC, realizes $979M since June
The Royal Government of Bhutan is now a known sovereign seller on the tape — $979M realized at ~$93,738 per BTC leaves roughly 1,750 BTC in state coffers worth ~$113M.
Institutional crypto activity — corporate treasuries, custody mandates, pension and endowment moves, and bank involvement.
The Royal Government of Bhutan is now a known sovereign seller on the tape — $979M realized at ~$93,738 per BTC leaves roughly 1,750 BTC in state coffers worth ~$113M.
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The sovereign transfer, tracked by Arkham Intelligence, marks a notable drawdown in Bhutan's state-held Bitcoin reserves and adds fresh sell-side pressure to an already watchful market.
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