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Bhutan offloads 9,180 BTC over 11 months at average price of $98,067

Bhutan has steadily sold 9,180 BTC over the past 11 months, generating about $900 million at an average selling price of $98,067, according to EmberCN tracking cited by Huo Xing Finance. The kingdom's Bitcoin holdings peaked at 12,200 BTC when the government halted its mining operations in early 2025. Bhutan now holds 3,021 BTC, valued at roughly $234 million.
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