ChainCatcher report, according to Arkham monitoring, Bhutan is selling Bitcoin, having just transferred 100 BTC ($8.1 million) from its holding wallet. At the current selling pace, its BTC holdings will be exhausted by the end of September. Since the beginning of the year, Bhutan has cumulatively sold $230.39 million worth of BTC, with remaining BTC valued at $252 million and approximately $50 million sold per month. If all remaining BTC were sold at current prices, its on-chain profit would reach $767 million.
Bhutan transfers 100 BTC worth $8.1M, has sold $230M in BTC since the start of the year
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Summary
Bhutan transferred 100 BTC ($8.1M) from its holding wallet, according to Arkham data. Since January, it has sold $230.39M worth of BTC, averaging $50M per month. At the current BTC price, the remaining $252M in BTC could be exhausted by late September. On-chain profits would reach $767M if sold today. BTC dominance remains stable despite ongoing sales.
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