A Royal Move in the Middle of Market Chaos
Key Highlights
• Bhutan sold nearly $92 million in BTC during the recent market pullback, moving coins likely to exchanges for liquidation.
• Despite trimming, the kingdom still holds almost 10,000 BTC, making it the world’s fifth-largest national holder, ahead of El Salvador.
Yello Paradisers! Why would a tiny Himalayan kingdom start unloading Bitcoin just days after it hit a fresh all-time high? That’s the question hanging over Bhutan’s latest $92 million crypto sale.
On August 18, blockchain trackers at Onchain Lens spotted 799.69 BTC, worth just over $92 million, shifted into two fresh wallets, with evidence suggesting they were headed toward centralized exchanges such as Binance. The timing came right after Bitcoin’s surge to $124,167 on August 14, before a sharp 7% retracement dragged the asset back toward $115,000.
Bhutan’s Billion-Dollar Cushion
Despite the sale, Bhutan’s crypto treasury remains formidable. According to Arkham Intelligence, the country still holds roughly 9,969 BTC, around $1.15 billion at current prices. That makes Bhutan the fifth-largest sovereign Bitcoin holder, leapfrogging El Salvador in the rankings.
The kingdom’s digital reserves also include 656 ETH valued near $2.8 million, though these holdings pale in comparison to its BTC stack.
Market Timing or Strategic Rebalance?
The decision to trim holdings has sparked speculation: is Bhutan simply taking profits at the top, or bracing for more volatility? With Bitcoin’s recent rejection at ATH levels, some analysts argue this was a calculated hedge. Others see it as a sign of caution from one of the most unusual nation-state Bitcoin whales on the planet.
This topic will be covered in our YouTube stream, where ParadiseFamilyVIP analysts will explain how sovereign Bitcoin moves can shake retail confidence. MCP News Private will follow up with a deeper breakdown and real-time reactions to whether Bhutan’s sale could trigger wider nation-state profit-taking.
For context, MCP News Private costs just $3/month, less than a bottle of water at the airport, and unlike water, our insights don’t evaporate. ParadiseFamilyVIP members, meanwhile, get professional trading strategies built to withstand this kind of volatility.
The message is clear: Bhutan might be trimming the fat, but its crypto appetite is far from over. Nearly $1.2 billion in digital reserves ensures the kingdom remains a heavyweight in the sovereign crypto game.
