Bhutan Offloads $230M in Bitcoin Year-to-Date Amid Steady Selloff Pattern

Blockchain analytics firm Arkham Intelligence reports that Bhutan transferred 100 BTC, worth roughly $8.1 million, from its wallet holdings just a few hours ago.

This latest transfer comes as part of a broader selling pattern. Since the start of the year, Bhutan has offloaded approximately $230.39 million in Bitcoin while still retaining close to $252 million in BTC. The country is currently selling at an estimated pace of around $50 million per month.

If this trend continues at the current rate, its remaining Bitcoin reserves could be fully depleted by late September. Based on current market prices, a complete exit from its holdings could generate an estimated $767 million in total on-chain profit.

Source: Arkham