The Royal Government of Bhutan sold over 10,000 Bitcoin at an average price of $93,738, reducing holdings to 1,750 BTC.
The Royal Government of Bhutan sold 10,451 Bitcoin over the past year, generating $979 million in proceeds. The sales occurred gradually, with an average realized price of $93,738 per BTC.
Recent transactions include a transfer of 533.2 BTC, worth approximately $34.52 million, to Binance. The government still holds around 1,750 BTC, valued at roughly $113 million.
The sales mark a significant reduction in Bhutan’s Bitcoin reserves, which were previously undisclosed in scale.