Oh, darling! It appears the Royal Government of Bhutan has taken quite a fancy to the world of Bitcoin — they’ve sold a juicy 99.47 Bitcoins, equating to a staggering $12 million, just as the price pirouetted to a brand-spanking new high of over $123,000! 🎉 Who knew the Himalayas had such a knack for market timing?
Over the last four days, this charming kingdom has expertly offloaded 512.84 BTC, raking in a delightful $59.47 million. I suppose when opportunity knocks, one mustn’t hesitate to fling open the doors and let the wind of profits dance in!
Bhutan’s Bitcoin Bonanza
Despite their current spending spree, Bhutan is still sitting on a princely hoard of 11,411 BTC, worth about $1.4 billion. It’s quite the enviable reserve, isn’t it? Perhaps they can take a few tips from the Germans, who were rather hasty with their recent liquidation of all their BTC. A comedy of errors, truly!
The Royal Government of #Bhutan simply can’t stop selling $BTC! In just four days, they’ve offloaded a whopping 512.84 $BTC (or about $59.47M) – talk about a retail therapy binge! 🎊
— Lookonchain (@lookonchain) July 14, 2025
According to our dear friends at Arkham Intelligence, the Bhutanese wallet stirred from its nap on June 30, transferring 137.24 BTC to Binance — because why not? At the time, ‘Bitcoin at $107,000’ sounded like a ripe moment to cash in about $14.7 million. If only my bank account had such dramatic fluctuations!
In total, Bhutan seems to be flaunting a bit more than 650 BTC worth about $74.24 million over a couple of weeks—someone call a financial advisor before they get too carried away! 🕺
Cryptocurrency with a Dash of Royalty
Under the astute guidance of King Jigme Khesar Namgyel Wangchuck, Bhutan is wholeheartedly embracing cryptocurrency. Hydro-powered Bitcoin mining? Check! A sovereign crypto reserve? Double check! They’ve even teamed up with Binance for crypto payment solutions to attract tourists — it’s a masterstroke, although they might also trip over the pesky issue of a less-than-ideal internet connection.
And just look at Bitcoin, leading a raucous dance party in the crypto market today, firmly glimmering above $120K. The analysts are already warming up for a higher price target of $150K and beyond. Isn’t financial speculation just the cat’s pajamas? 😄
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2025-07-14 19:49