Bhutan Accelerates Bitcoin Sell-Off With $17.7M Transfer to Exchanges

• Bhutan moved 319.7 BTC worth $22.67M, continuing a steady sell-off strategy.
• Over $215M in BTC has been moved in 2026, with a faster liquidation pace emerging.
• Broader institutional selling adds pressure, though firms still hold over 1.16M BTC.

Bhutan has stepped up its Bitcoin selling activity, moving another 250 BTC worth about $17.73 million to exchanges, according to blockchain analytics platform Arkham Intelligence. 

The latest move represents roughly 6.3% of its holdings and adds to a growing pattern of steady, calculated sell-offs.

Steady Outflows Signal Long-Term Strategy

Notably, Bhutan moved a total of 319.7 BTC worth $22.67 million in its latest transaction. Some funds were sent through new wallets and major platforms like OKX and Galaxy Digital, following a consistent pattern seen in earlier transactions.

Data shows that since the start of …

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