What’s left of that treasury is still worth hundreds of millions. At the current drawdown pace, analysts watching onchain flows expect continued monthly sales in the $5–$30 million range through the remainder of 2026.
FAQ 🇧🇹 How much bitcoin does Bhutan currently hold? After the March 25 sale, Bhutan’s estimated remaining holdings are between 4,400 and 5,400 BTC, worth approximately $315–374 million. Why is Bhutan selling its bitcoin? DHI appears to be realizing liquidity from its treasury through steady OTC sales, consistent with post-halving mining economics and domestic hydropower demands. Who is QCP Capital and why does Bhutan use them? QCP Capital is a Singapore-based institutional crypto trading firm that facilitates OTC block trades, allowing Bhutan to sell large BTC amounts without directly impacting exchange markets. Has Bhutan made any official statement about its bitcoin sales? No — the Royal Government of Bhutan and DHI have not issued any public statements regarding these onchain transfers, consistent with their historically low-profile approach.Bhutan Trims Bitcoin Treasury to 4,452 BTC After Latest $36M Transfer
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