Bhutan Denies Selling 13,000 BTC from National Reserve
A representative of the sovereign fund Druk Holding and Investments (DHI) refuted claims of bitcoin sales from Bhutan's national reserve in a comment to CoinDesk.Bhutan is a country in South Asia known for its monasteries, fortresses, and dramatic landscapes.
Bhutan Denies Selling 13,000 BTC from National Reserve
A representative of the sovereign fund Druk Holding and Investments (DHI) refuted claims of bitcoin sales from Bhutan's national reserve in a comment to CoinDesk.
Bhutan Simplifies Registration for Crypto Firms
The special economic zone of Bhutan, GMC, has introduced a streamlined licensing mechanism for international companies. The initiative targets fintech startups and virtual asset service providers.
Bhutan Reduces Sovereign Bitcoin Reserve by 71% in 18 Months
On April 10, the government of Bhutan sold 250 BTC for $18 million. Since the beginning of the year, authorities have withdrawn assets worth approximately $180 million from the national bitcoin reserve.
Bhutan moved $45.2m of bitcoin out of reserves in two days
On March 27 Bhutan’s government transferred another 123.7 BTC worth $8.5m to an unknown address, Lookonchain noted.
Bhutan Government Transfers $37 Million in Bitcoin from Reserves
The Bhutanese authorities have transferred 519.7 BTC, valued at $37 million, to two addresses, one of which is associated with the trading firm QCP Capital.
Bhutan’s Sovereign Fund Withdraws Over $70 Million from Bitcoin Reserves
The Royal Government of Bhutan has transferred 973 BTC, valued at approximately $72.32 million, to several addresses, according to Arkham Intelligence data.
Arkham tracks asset moves by BitMine and Bhutan
As crypto markets rebound, institutional and sovereign holders are shifting reserves, Arkham says.
Bhutan Continues Bitcoin Sales from Reserves
The Bhutanese authorities have been selling bitcoins from their reserves for the third consecutive week. The latest sale of 100 BTC generated approximately $6.8 million, analysts at Arkham noted.
Bhutan Liquidates $22 Million in Bitcoin Reserves
The Bhutanese government has liquidated 284.8 BTC from its state reserves, valued at $22.3 million, according to analytics platform Arkham.
Bhutan to Deploy Node on Sei Blockchain
Sei Development Foundation and Bhutan's sovereign fund DHI have agreed to deploy a validator in the Sei network within the country.We use cookies to improve the quality of our service.
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