coinfomania.com
The Royal Government of Bhutan has sold more Bitcoin in the past 24 hours. According to Arkham data, the country moved about $18.46 million worth of $BTC. This latest sale adds to a steady trend. Bhutan has been reducing its Bitcoin holdings over the past few months. While the selling continues, the country still holds a large amount of $BTC.
Fresh Bitcoin Outflows in 24 Hours
Recent blockchain data shows multiple transactions linked to Bhutan’s sovereign investment arm. Large transfers included amounts such as 162 $BTC and 69.7 $BTC. These funds moved to different wallet addresses within a short time.
BHUTAN JUST SOLD MORE BITCOIN
— Arkham (@arkham) April 16, 2026
Bhutan just sold another $18.46M $BTC.
At this rate, they will not have any $BTC left by September this year. pic.twitter.com/WA30dEBZMQ
Altogether, the total value of these transactions reached around $18.46 million. These movements suggest active selling or preparation for selling. In most cases, such transfers are linked to exchange deposits. With this, the market closely tracks these transactions.
Nearly $198M Sold This Year
Bhutan’s recent sale is part of a much larger trend. Since the start of 2026, the country has sold around $198 million worth of Bitcoin. This shows a consistent pattern of reducing its holdings. Earlier, Bhutan built its Bitcoin reserves through hydropower based mining. The country used surplus energy to mine $BTC and grow its treasury. But the strategy now appears to be shifting. Instead of holding, Bhutan is steadily converting Bitcoin into liquidity.
$264M in Bitcoin Still Remains
Despite these sales, Bhutan still holds a significant amount of Bitcoin. Current data shows around 3,524 $BTC remaining. This is worth roughly $264 million at recent prices. This means the country has not fully exited its position yet. But if the current pace continues, the remaining holdings could decrease quickly. Some projections suggest that Bhutan could sell most of its Bitcoin by September 2026.
Why Bhutan May Be Selling?
There is no official statement explaining the sales. However, several possible reasons exist. First, the country may need liquidity for public spending or investment. Second, mining profits may have declined due to rising costs. It also lowers rewards after the Bitcoin halving. Third, Bhutan may be adjusting its strategy to reduce risk. Holding large amounts of Bitcoin can lead to big gains. But also large losses. Selling helps manage that risk.
What This Means for the Market?
Bhutan’s selling activity shows an important trend. Even sovereign holders are actively managing their crypto assets. They are not just holding long term without changes. While these sales have not caused major market disruption so far. This suggests that the market is able to absorb large transactions. For now, Bhutan still holds a notable amount of Bitcoin. But its continued selling will remain an important signal for the market.