14-7-2025 – The Royal Government of Bhutan has offloaded $59.47 million in Bitcoin over four days, capitalizing on the cryptocurrency’s recent surge past $122,000, according to blockchain analytics firm Arkham Intelligence. The sales, executed through six transfers to Binance between July 10 and 14, included a significant transaction of 208.56 BTC valued at $23.18 million.
Bhutan’s sovereign investment arm, Druk Holding and Investments, managed the sales, reducing the nation’s Bitcoin holdings to 11,411 BTC, still worth approximately $1.4 billion. This positions Bhutan among the top sovereign Bitcoin holders globally. The country’s crypto portfolio, which also includes 656.01 ETH valued at $1.93 million, grew from $1.29 billion to $1.37 billion last week, driven by a 12.4% Bitcoin price increase.
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).https://t.co/hiNf1ySQhUhttps://t.co/dcqekOeedc pic.twitter.com/b3cQy0ryk8
— Lookonchain (@lookonchain) July 14, 2025
The timing of the sales aligns with Bitcoin’s breakout above $118,000 on July 11, suggesting a strategy to lock in profits during market peaks, first reported by Cryptopolitan. Despite the sales, Bhutan’s substantial reserves reflect its long-term commitment to cryptocurrency, bolstered by eco-friendly mining operations powered by hydroelectricity. The recent Bitcoin price surge, defying expectations amid new 30% U.S. tariffs on the EU and Mexico, underscores the asset’s resilience.
Analysts note Bitcoin’s volatility has risen, with the Average Range Volatility index up 25% over recent years, making Bhutan’s market timing notable. Investors and analysts will watch Bhutan’s next moves closely, as further sales could influence market sentiment amid ongoing global economic shifts.
