Bhutan’s Stealth Bitcoin Move: Dumps $59M at $123K Peak, Still Sits on $1.4B Crypto Treasure
While Wall Street hedge funds were busy overcomplicating their 'digital asset strategies,' Bhutan just made a quiet killing. The Himalayan kingdom offloaded $59 million worth of Bitcoin as prices surged to $123,000—without so much as a press release.
The HODL game remains strong
Despite the sell-off, Bhutan's reserves still hold over $1.4 billion in BTC. That's enough to buy every citizen three Tesla Cybertrucks—or fund their Gross National Happiness index for years.
Timing the market (or not?)
The sale comes as institutional FOMO reaches fever pitch. JPMorgan analysts insist 'this time is different,' while crypto Twitter memes about 'selling your Bhutan.' Meanwhile, the Dragon Kingdom's treasury keeps stacking sats like a cold wallet with a view of the Himalayas.
One thing's clear: when your national reserve currency moons 1,000%, you don't need investment bankers—just a ledger and diamond hands.