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Bhutan Moves $40 Million Bitcoin in Bold Transfer

  • Bhutan's government has transferred 402 Bitcoin worth $39.56 million to QCP Capital.
  • Bhutan has been actively selling its Bitcoin reserves since October, with a recent sale of 1,696 BTC worth $139 million.
  • The nation currently holds about 11,700 BTC, making it the fourth-largest government holder of Bitcoin.
  • Bhutan's Bitcoin strategy relies heavily on mining activities powered by hydroelectric energy, with Bitcoin mining accounting for 26.9% of the country's GDP.

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