Bhutan Government is Selling Its Bitcoin Again Despite Price Recovery
Bhutan recently sold nearly $27 million in Bitcoin, continuing a trend of offloading holdings despite the cryptocurrency's price recovery.Summary
On March 17, Bhutan transferred and likely sold approximately $27 million worth of Bitcoin in a series of transactions, as reported by Arkham Intelligence. This included transfers to new addresses and a $1.5 million transfer to QCP Capital, a market maker, indicating a structured sale. Bhutan has moved or sold over $40 million in Bitcoin since January 2026, though it still holds a substantial reserve of over 5,000 BTC mined using hydropower. The increased transaction sizes suggest growing liquidity needs or more active treasury management, potentially influenced by tightening Bitcoin mining economics following the 2024 halving. This activity occurs as Bitcoin's price has recovered to $75,000, driven by ETF inflows and whale activity.
(Source：BeInCrypto)