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.