Bhutan Cashes In: $59M Bitcoin Sale at $123K Peak Still Leaves $1.4B Crypto Stash Untouched
Bhutan’s crypto treasury just made a quiet exit—bagging $59 million in Bitcoin profits as BTC surged past $123K. The Himalayan kingdom’s play? Sell high, but not *too* high—leaving a staggering $1.4 billion in reserves untouched.
Strategic Trim or Missed ATH?
While traders obsess over timing the market, Bhutan’s sovereign portfolio shrugs—dumping a fraction of its holdings without breaking a sweat. No press releases, no panic—just cold, calculated profit-taking.
The $1.4B Elephant in the Room
Even after the sale, Bhutan’s Bitcoin reserves rival some sovereign wealth funds. Guess who’s laughing now? (Hint: Not the hedge funds that liquidated in 2022.)
Cynical Finance Jab:
Because nothing says 'financial prudence' like quietly cashing out crypto gains while your central bank denies owning any. Classic.