bitcoinMED IMPACTApr 27, 2026, 6:06 AM
Bhutan moves 250 BTC; 2026 outflows top $240M as treasury drops 73% from peak
TL;DR
Bhutan moved another 250 BTC on April 13, pushing 2026 outflows above $240 million from its sovereign mining stash, per Arkham data.
Why it matters
Why it matters: Sovereign sellers like Bhutan and the German Bundeskasse remain a structural overhang against the institutional bid into Strategy and US ETFs.
The details
- •Royal Government of Bhutan's holdings have collapsed roughly 73% from their October 2024 peak.
- •Movements track to centralized exchange deposit addresses, suggesting active distribution rather than internal rebalance.
- •Selling cadence has accelerated even as Strategy alone bought 34,164 BTC this month.
Primary source
Read the original report on The Block ↗degen0x summarizes, contextualizes, and curates. All credit to the reporting outlet. This briefing was generated Apr 27, 2026, 6:06 AM.
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