🇧🇹 LATEST: Bhutan Government Sells $6.7M in Bitcoin — Still Holds $372M
The Royal Government of Bhutan has reportedly sold another $6.7 million worth of $BTC, according to on-chain data from Arkham.
Despite the recent sale, Bhutan still holds approximately $372 million worth of Bitcoin in publicly identified wallets — keeping it among the notable sovereign BTC holders globally.
🔍 Why this matters:
• Government wallet movements often impact short-term market sentiment.
• The sale size is relatively small compared to total holdings — this looks more like strategic allocation than full distribution.
• Continued large reserves suggest long-term conviction remains intact.
📊 Market Impact:
Short-term volatility may increase when sovereign entities move funds, but the broader structure remains unchanged unless larger distributions follow.