Bhutan Is Quietly Moving Millions in Bitcoin

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Bhutan has transferred another $36 million worth of Bitcoin, continuing a pattern of steady outflows throughout March. This follows multiple large transactions earlier in the month, suggesting a more active management of its crypto reserves.

Despite these movements, Bhutan still holds a significant Bitcoin position worth over $300 million. The strategy appears less about exiting and more about reallocating or deploying capital as part of its broader economic plans.

[kevin1]

the consistent transfers suggest treasury management rather than liquidation, possibly for funding projects or rebalancing exposure.