Bhutan Continues Bitcoin Sell-Off with $8.1M Transfer
- Bhutan moved 100 BTC worth $8.1 million from its holding wallets on Tuesday.
- The country has sold approximately $230 million in Bitcoin since January, reducing its reserves by about 70% from their late-2024 peak.
- Bhutan’s current Bitcoin holdings are valued at around $252 million, down from nearly 13,000 BTC to roughly 3,100 BTC.
- Analysts attribute the sell-off to a “hold and optimize” treasury strategy rather than market pessimism.
- Bhutan’s approach involves monetizing gains from state-backed mining using surplus hydroelectric power.
Bhutan continues to strategically manage its Bitcoin reserves through a treasury strategy that focuses on optimizing gains rather than holding indefinitely. This approach helps fund national development while maintaining exposure to the asset.
With sales amounting to $230 million this year alone, Bhutan is significantly reducing its BTC reserves as part of a broader financial strategy aimed at leveraging state-backed mining profits for national growth initiatives. (Source)
