Bhutan Moves $37M in Bitcoin to Exchanges, Holdings Down Two-Thirds From Peak

Bhutan has transferred $37 million worth of Bitcoin to exchanges, reducing its sovereign Bitcoin holdings to 4,453 BTC from nearly 13,000 BTC held in late 2024. This represents a two-thirds decline from the country's peak Bitcoin reserves, indicating significant selling activity by the nation.

• →Bhutan moved $37 million in Bitcoin to exchanges in its latest transfer.
• →The country's Bitcoin holdings dropped to 4,453 BTC from nearly 13,000 BTC in late 2024.
• →This represents a two-thirds reduction from Bhutan's peak Bitcoin reserves.
• →The transfers suggest ongoing liquidation of the nation's sovereign Bitcoin position.
• →Bhutan joins other nations in reducing their cryptocurrency holdings through exchange transfers.