Bhutan Dumps Another 100 BTC Signaling Potential Liquidation of Holdings

The Royal Government of Bhutan has transferred another 102.446 Bitcoin (BTC), valued at approximately $7.89 million, raising concerns it may be preparing to sell off its entire strategic reserve. Since the start of 2026, Bhutan has already liquidated about $206.98 million worth of BTC, and with current holdings valued at $265 million, analysts project its reserves could be exhausted as early as October if the selling pace continues. The country has simultaneously ceased its BTC mining operations, underscoring a broader pivot away from digital asset accumulation.

Will Bhutan Sell All Its Bitcoin Holdings?

Bhutan seems to be de-risking its portfolio amid larger bearish market forces. The country at one point held one of the largest amounts of Bitcoin (BTC), but has since drastically reduced its BTC exposure. Moreover, the nation seems to have slowed down or completely halted its BTC mining operations. Bhutan has seen no major inflows in nearly a year.

It is unclear if Bhutan is moving away from Bitcoin (BTC), or if it is selling to book profits. It is also possible that the country has slowed down its BTC mining operations due to economic strain. Moreover, network difficulty has significantly risen after BTC’s dip to sub-$70,000 levels.

Bitcoin (BTC) is facing another price correction today. According to CoinGecko data, BTC’s price has fallen 2.1% in the last 24 hours and 2.9% in the last week. However, the asset is still up by 1% int he 14-day charts and 12.1% over the previous month.

Bitcoin (BTC) climbed to the $79,000 mark earlier this week, but has since faced a correction to the $75,000 mark. The price dip could be due to the Federal Reserve keeping interest rates unchanged after the latest FOMC (Federal Open Market Committee) meeting. Higher rates may be keeping investors away from risky assets.