Bhutan Sells 319 BTC Again, Ownership Drops from 13,000 to 3,954 BTC

The Kingdom of Bhutan government is again transferring large amounts of Bitcoin assets.
In the latest transaction, Bhutan reportedly transferred around 319.7 BTC worth $22.68 million in just the last hour.
This move continues a selling trend that has been ongoing since October 28, 2024. During this period, Bhutan’s Bitcoin holdings have fallen sharply from about 13,000 BTC to 3,954 BTC.
This means more than 9,000 BTC have been released to the market, with the total value reaching approximately $640 juta.
Bhutan was previously known as one of the countries with significant Bitcoin holdings, most of which were acquired through mining activities that use hydropower energy.
This reduction in reserves indicates a liquidation or asset management strategy carried out by the government, although details about the sales objectives have not been officially disclosed.
These movements have also drawn attention from market participants, considering that large transactions from a state entity can affect liquidity and sentiment in the crypto market.
With remaining holdings still substantial, Bhutan’s activity in the Bitcoin market remains one of the factors monitored by global investors.
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