Bhutan Government Transfers 320 Bitcoin Worth $22.68 Million, Raising Sale Speculation
JOON HYOUNG LEE
Summary
- The Bhutan government said it had transferred an additional roughly 320 Bitcoin worth about $22.68 million to external wallets.
- The Bhutan government has steadily sold Bitcoin this year, including about $84 million worth transferred to external wallets last month alone.
- Bhutan has been stockpiling Bitcoin through a government-led cryptocurrency mining operation since 2019.
Forecast Trend Report by Period
The Bhutan government transferred Bitcoin worth about $22.7 million to external wallets.
Cointelegraph wrote on X on Aug. 8 that the Bhutan government had made an additional transfer of about 320 Bitcoin to outside addresses. The holdings were worth $22.68 million at current prices.
Bhutan has steadily sold Bitcoin this year. Last month alone, it transferred Bitcoin worth about $84 million to external wallets.
Bhutan has been stockpiling Bitcoin through a government-led cryptocurrency mining operation since 2019.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
