One of the biggest bitcoin (BTC) sellers this year is a tiny Asian country
Bhutan is significantly reducing its Bitcoin holdings, moving another 500 BTC to exchanges, with 2026 outflows exceeding $150 million.Summary
Bhutan is rapidly selling off its Bitcoin reserves, transferring 519.707 BTC ($36.75 million) on Wednesday as part of a larger trend. Total outflows in 2026 have already surpassed $152 million, accelerating from previous months. The country’s holdings have decreased from a peak of roughly 13,000 BTC to 4,453 BTC, a 66% reduction, driven by consistent sales to firms like QCP Capital. Bhutan initially accumulated these Bitcoins through hydroelectric mining with a near-zero cost basis, and the sales are generating profit for the country's economy. While a pledge was made to allocate up to 10,000 BTC towards the Gelephu Mindfulness City project, fulfilling this commitment is now mathematically impossible given the current drawdown.
(Source：CoinDesk)