Bhutan offloads 9,180 BTC for about $900M, average sale price $98,100

Blockchain monitoring data show Bhutan's government has been steadily selling bitcoin since June 2025, disposing of 9,180 BTC for roughly $900 million. The average execution price was about $98,100 per coin. Bhutan's bitcoin reserves peaked at 12,200 BTC in early 2025. Holdings have since fallen to 3,021 BTC, currently valued at around $234 million. (Embers)