Why Bhutan is selling Bitcoins
In recent times, apart from news of the growing value of Bhutan’s Bitcoin stack, another major point of discussion and news has been Bhutan steadily selling parts of these holdings.
According to Arkham, Bhutan has, since July 2024, sold 2,077 Bitcoins (BTC) worth USD 163 million (mn) which is Nu 13.834 billion (bn).
However, according to several online Crypto news sites, the bulk of the sales have happened between October, November and December 2024 when the price of Bitcoins surged.
Source:The Bhutanese new paper
