Every Zipp story tagged #Bhutan, newest first.
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.
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.
The Royal Government of Bhutan transferred 738 BTC — approximately $44.88 million — out of its sovereign holdings…
The disconnect between DHI's denial and Arkham-tracked outflows leaves the kingdom short of its own 10,000 BTC pledge — and short on answers about how a hydropower-fueled mining run went quiet.
The pace has settled at roughly $50M a month — a steady, programmatic liquidation rather than a forced sale, and the sovereign still holds $252M in bitcoin.
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