Bhutan’s Bitcoin Binge: Royal Government Sells $60M in 4 Days! 🤑💰

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In a move that’s got the crypto world doing a double-take, the Royal Government of Bhutan has sold nearly $60 million worth of Bitcoin in just four days. According to on-chain data from Arkham Intelligence, the country shifted 512.84 BTC between July 10 and July 14. That’s a small slice of their overall stash, but it’s still a hefty sum. Like, enough to buy a small country’s worth of yak butter tea. 🥛

Strategic Profit Taking

Based on reports tied to its sovereign investment arm, Bhutan’s wallet sent six separate Bitcoin transfers to Binance during that period. One single transfer moved 208.56 BTC—about $23.18 million—while others involved 100 BTC, 99 BTC, and smaller chunks. Those sales total $59.47 million, according to Lookonchain’s figures. It looks like the government timed its sales to match Bitcoin’s push into new highs. 📈

The Royal Government of #Bhutan has been accelerating its $BTC sales!

In the past 4 days alone, #Bhutan sold 512.84 $BTC($59.47M) — selling every day.

They still hold 11,411 $BTC($1.4B).

— Lookonchain (@lookonchain) July 14, 2025

Strong Remaining Holdings

Despite those outflows, Bhutan hasn’t given up on crypto. It still holds 11,411 BTC, valued at roughly $1.4 billion at current prices. According to Arkham’s tracking dashboard, the country’s crypto treasury went from $1.29 billion last week to $1.37 billion by July 14—a jump of $73.33 million in just seven days. Part of that gain came from a 12.4% intra-week Bitcoin price rise, which saw the coin climb from $108,000 to $122,000. 🚀

ETH Balance Steady Amid Price Gains

The government’s Ethereum pile remains at 656 ETH, worth about $1.93 million today. While the quantity of ETH hasn’t changed in the past week, an 18% boost in ETH price has lifted the value of that holding. News of this has stirred talk about how small changes in a big portfolio can still move the needle when markets run hot. 🔥

Context From Earlier Moves

According to reports, Bhutan’s wallet holdings rose from $1.26 billion to $1.30 billion between July 3 and July 10—even after it transferred 213 BTC (worth close to $24 million) to Binance. Those figures suggest the government is actively managing its crypto stash, trimming exposure when prices spike but letting gains pile up when markets rally. 📊

Market Conditions And Volatility

Bitcoin spent weeks consolidating between $105,000 and $108,000 before blasting past $121,000 on July 13. That same day, Bhutan off-loaded the $23 million stash. Around that time, the US slapped new 30% tariffs on the EU and Mexico—moves that might have hurt risk assets in past cycles. Yet Bitcoin shrugged off the news and vaulted to $122,400 on Coinbase. 🤷‍♂️

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2025-07-15 07:14