Kingdom Has Been Continuously Selling Bitcoin for 3 Weeks, Holding a $372 Million Bitcoin Reserve... The Bhutanese government has added another sale to its regular Bitcoin (#BTC) disposals over the past three weeks, maintaining momentum in the crypto market. Bhutan, the mysterious kingdom of South Asia, continues to draw attention in the crypto world with its massive Bitcoin reserves. On-chain data shared by Arkham Intelligence shows that Bhutan has been consistently selling Bitcoin (BTC) on a weekly basis over the past three weeks. The country’s most recent move involved transferring approximately $6.7 million worth of assets to exchanges. These strategic moves by Bhutan follow a large sale exceeding $100 million in September, acting as a continuation of that trend. The country aims to convert mining rewards into cash at regular intervals and integrate them into its economic cycle. However, the periodic nature of these sales has drawn close attention from market analysts and investors. Mining Activities and the Halving Impact Bhutan had planned to partner with Bitdeer Technologies to build a massive 600 MW mining facility to expand its mining capacity. However, data indicates that mining activity slowed after the Bitcoin halving event in April 2024, which halved block rewards. As rewards decreased and operational costs shifted, Bhutan is believed to have begun gradually selling off its holdings. Currently, wallets identified as belonging to the Bhutanese government hold approximately $372 million worth of Bitcoin. This substantial reserve continues to position Bhutan among the world’s largest state-level BTC holders. Whether this selling pressure will persist in the coming days remains a topic of keen interest within the crypto community. #eth #OnsAltın #silver #coin #Bnb