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Bhutan transfers another 100 BTC again, having sold a total of $230 million worth of BTC since the beginning of the year.
Golden Finance reports that on May 12, according to Arkham monitoring, Bhutan is selling Bitcoin. It has just transferred 100 BTC (USD 8.10 million) from its holdings wallet. Based on the current selling pace, its BTC will be depleted by the end of September. Since the beginning of the year, Bhutan has sold a total of USD 230.39 million worth of BTC, with remaining BTC valued at USD 252 million; it sells about USD 50 million per month. If all remaining BTC are sold at the current BTC price, its on-chain profit will reach USD 767 million.