Bhutan has intensified its Bitcoin sales this year, offloading nearly $120 million worth of BTC and cutting its holdings by around 1,700 coins. The government typically breaks its sales into smaller batches of $5 million to $10 million, routing funds through exchanges or market makers such as QCP Capital to manage liquidity. In recent weeks, transfer activity has accelerated, including a fresh move of 123.7 BTC valued at about $8.5 million, signaling continued strategic selling.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin is testing a critical support zone between $72,000 and $76,000 on the three-day chart.…
The Depository Trust and Clearing Corporation, the backbone of US capital markets, announced a partnership…
Ripple CEO Brad Garlinghouse responded directly to President Trump's Truth Social post declaring America the…
Bitcoin is down 3.35% over the past 24 hours to $73,281.93, underperforming an already weakening…
Bitcoin's recent pullback near a critical support level may be setting the stage for one…
Cardano (ADA) price has remained under intense bearish pressure since facing a strong rejection near…
