The post Bhutan Moves $11M in Bitcoin Amid Regular Sales appeared first on Coinpedia Fintech News
An address connected to the Bhutan government recently moved Bitcoin valued at approximately $11 million. Bhutan usually sells BTC in batches of $5 million to $10 million, following a consistent pattern. Around a month ago, it sold about $7 million in BTC via QCP Capital. These regular sales reflect a careful, structured approach to managing its cryptocurrency holdings, ensuring transparency. Despite these transfers, the government continues to hold a substantial portion of its Bitcoin, maintaining a cautious strategy in the crypto market.