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Why Is Bhutan Selling Bitcoin Now? A $59M Move Amid BTC’s All-Time High

  • Bhutan sold 512.84 BTC worth $59.47 million over four days amidst BTC hitting $123K, while still holding 11,411 BTC valued at $1.4 billion.
  • Bhutan strategically sells Bitcoin to balance profit-taking and long-term reserve building, unlike other nations, leveraging its clean hydropower for sustainable mining.
  • The country has been active in selling BTC during market strength, accumulating Bitcoin since 2019 through state-owned Druk Holding & Investments, aiming for profit maximization.
  • Bhutan's approach differs from countries like Germany and El Salvador by treating Bitcoin as both a reserve and a funding tool, showcasing a balanced crypto strategy.

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