TechFlow News: On May 12, Arkham (@arkham) reported that Bhutan recently transferred 100 BTC (approximately $8.1 million) from its holding wallet. If the current selling pace continues, Bhutan is expected to fully liquidate its Bitcoin holdings by the end of September.
Data shows that since the beginning of the year, Bhutan has sold approximately $230.39 million worth of BTC. It currently holds roughly $252 million worth of Bitcoin, with an average monthly sale volume of about $50 million. If all remaining BTC is sold at current market prices, Bhutan is projected to realize approximately $767 million in on-chain profits. At its peak, Bhutan held approximately 11,000 BTC.
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