{"id":36892,"date":"2025-07-15T04:02:48","date_gmt":"2025-07-15T04:02:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36892"},"modified":"2025-07-15T04:02:48","modified_gmt":"2025-07-15T04:02:48","slug":"royal-bitcoin-exit-bhutan-unloads-60-million-worth-of-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36892","title":{"rendered":"Royal Bitcoin Exit? Bhutan Unloads $60 Million Worth Of BTC"},"content":{"rendered":"
\n

In a move that caught many by surprise, the Royal Government of Bhutan sold<\/a> nearly $60 million worth of Bitcoin in just four days. According to on\u2011chain data from Arkham Intelligence, the country shifted 512.84 BTC between July\u202f10 and July\u202f14. That haul represents a small slice of its overall stash, but it still adds up to a hefty sum.<\/p>\n

Strategic Profit Taking<\/h2>\n

Based on reports tied to its sovereign investment arm, Bhutan\u2019s wallet sent six separate Bitcoin<\/a> transfers to Binance during that period.<\/p>\n

One single transfer moved 208.56 BTC\u2014about $23.18 million\u2014while others involved 100 BTC, 99 BTC, and smaller chunks. Those sales total $59.47 million, according to Lookonchain\u2019s figures. It looks like the government timed its sales to match Bitcoin\u2019s push into new highs.<\/p>\n

\n

The Royal Government of #Bhutan<\/a> has been accelerating its $BTC<\/a> sales!<\/p>\n

In the past 4 days alone, #Bhutan<\/a> sold 512.84 $BTC<\/a>($59.47M) \u2014 selling every day.<\/p>\n

They still hold 11,411 $BTC<\/a>($1.4B).https:\/\/t.co\/hiNf1ySQhU<\/a>https:\/\/t.co\/dcqekOeedc<\/a> pic.twitter.com\/b3cQy0ryk8<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) July 14, 2025<\/a><\/p>\n<\/blockquote>\n

Strong Remaining Holdings<\/h2>\n

Despite those outflows, Bhutan hasn\u2019t given up on crypto. It still holds 11,411 BTC, valued at roughly $1.4 billion at current prices.<\/p>\n

According to Arkham\u2019s tracking dashboard, the country\u2019s crypto treasury went from $1.29 billion last week to $1.37 billion by July\u202f14\u2014a jump of $73.33 million in just seven days.<\/p>\n

Part of that gain came from a 12.4% intra\u2011week Bitcoin price rise, which saw the coin climb from $108,000 to $122,000.<\/p>\n

<\/p>\n

ETH Balance Steady Amid Price Gains<\/p>\n

The government\u2019s Ethereum<\/a> pile remains at 656 ETH, worth about $1.93\u202fmillion today. While the quantity of ETH hasn\u2019t changed in the past week, an 18% boost in ETH price has lifted the value of that holding.<\/p>\n

News of this has stirred talk about how small changes in a big portfolio can still move the needle when markets run hot.<\/p>\n

\"\"<\/p>\n

Context From Earlier Moves<\/p>\n

According to reports, Bhutan\u2019s wallet holdings rose from $1.26 billion to $1.30 billion between July\u202f3 and July\u202f10\u2014even after it transferred 213 BTC (worth close to $24 million) to Binance.<\/p>\n

Those figures suggest the government is actively managing its crypto stash, trimming exposure when prices spike but letting gains pile up when markets rally.<\/p>\n

Market Conditions And Volatility<\/p>\n

Bitcoin spent weeks consolidating between $105,000 and $108,000 before blasting past $121,000<\/a> on July\u202f13. That same day, Bhutan off\u2011loaded the $23\u202fmillion stash.<\/p>\n

Around that time, the US slapped new 30% tariffs on the EU and Mexico\u2014moves that might have hurt risk assets in past cycles. Yet Bitcoin shrugged off the news and vaulted to $122,400 on Coinbase.<\/p>\n

Featured image from Luxury Travel Magazine, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In a move that caught many by surprise, the Royal Government of Bhutan sold nearly $60 million worth of Bitcoin in just four days. According to on\u2011chain data from Arkham Intelligence, the country shifted 512.84 BTC between July\u202f10 and July\u202f14. That haul represents a small slice of its overall stash, but it still adds up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36892","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36892"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36892\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}