Gate News message, April 16 — The Royal Government of Bhutan sold approximately $18.46 million worth of Bitcoin in the past 24 hours, according to Arkham data. The country still holds around 3,524 BTC, valued at roughly $264 million at current prices.
Blockchain data shows multiple transactions linked to Bhutan’s sovereign investment arm, including transfers of 162 BTC and 69.7 BTC to different wallet addresses. Since the start of 2026, Bhutan has sold approximately $198 million worth of Bitcoin, reflecting a consistent pattern of reducing its holdings.
Bhutan initially built its Bitcoin reserves through hydropower-based mining, using surplus energy to grow its treasury. The country’s strategy has now shifted from accumulation to active liquidation, converting Bitcoin holdings into fiat liquidity. If the current selling pace continues, projections suggest Bhutan could significantly reduce its remaining position by September 2026.
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