Arkham Data Shows Bhutan Unloaded $18M BTC as Sovereign Stash Dwindles
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- Selling involved roughly 250 BTC, transferred from stateâlinked wallets to a new address.
- This latest sale pushes Bhutanâs total Bitcoin outflows for 2026 past 3,200 BTC.
- Government-linked wallets now hold about 3,500 BTC, a 70% drop in the last 18 months.
The Royal Government of Bhutan sold another $18.46 million in Bitcoin, per Arkham Intelligence data. This continues a monthsâlong pattern of outflows from one of the most closely watched stateâlevel Bitcoin holders.
The most recent movement involved approximately 250 BTC, transferred from stateâlinked wallets to a new address, a pattern that usually points to exchange deposits or liquidation.
This latest sale pushes Bhutanâs total Bitcoin outflows for 2026 past 3,200 BTC, which is roughly $240 million worth.
Government-linked wallets now hold about 3,500 BTC (approximately $260 million), a steep droâŠ
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