The King of Bhutan sold $18 million worth of Bitcoin, bringing his total Bitcoin sales this year to approximately $180 million.

PANews reported on April 11 that, according to Arkham's monitoring, Bhutan's Fifth King Druk Gyalpo Jigme Khesar Namgyel Wangchuck sold $18 million worth of Bitcoin. So far this year, Bhutan has sold approximately $180 million worth of Bitcoin.

According to CoinDesk, Bhutan has sold about 70% of the approximately 13,000 Bitcoins it held in October 2024, reducing its Bitcoin holdings to 3,954, worth approximately $280.6 million. Furthermore, Bhutan appears to have slowed or halted its hydroelectric-backed Bitcoin mining activities, with no significant new capital inflows recorded in over a year, and its sovereign wealth fund, Druk Holding and Investments, has not made any public comments.

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Author: PA一线

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