Bhutan Accelerates Bitcoin Sales with $36.75 Million Transfer
- On Wednesday, Bhutan transferred 519.707 BTC valued at $36.75 million to an external address.
- Total outflows for Bhutan in March have reached approximately $152 million, marking a significant increase in activity.
- The largest single transfer this year was a 595.848 BTC move worth $44.44 million, occurring the week prior.
- Bhutan’s current holdings stand at 4,453 BTC, down from a peak of roughly 13,000 BTC.
- The government’s portfolio value has decreased from nearly $1.88 billion to around $315 million due to selling and market fluctuations.
Bhutan’s recent drawdown follows a pattern of increasing transfer sizes, shifting from smaller amounts earlier in the year to larger transactions now averaging between $35-45 million.
With the latest transfer of 519 BTC, Bhutan continues its strategy of liquidating assets as its total outflows in March surpass $152 million.(Source)
