This Tiny Country Has Been Consistently Dumping Bitcoin, And You Won’t Believe How Much
In recent months, Bhutan, a small country with a population under one million, has been actively selling off its Bitcoin holdings, contributing to downward pressure on BTC's price. According to Arkham Intelligence, Bhutan had accumulated approximately 13,000 BTC through government-sponsored mining, worth nearly $1.5 billion at its peak in 2025. Since then, the country has sold over 8,500 BTC, reducing its holdings to about 4,453 BTC.
Notable transactions include single transfers of up to 595 BTC, with most sales routed through Binance and Singapore-based QCP Capital, which has facilitated around $16 million in BTC sales. The sell-off intensified in March 2025, with transactions ranging from $11 million to $44 million. So far, Bhutan has sent over $100 million worth of Bitcoin to Binance.
bitcoinist03/27 13:01
