Bhutan Sold $22.4M in Bitcoin Amid Portfolio Decline of Over 70%

Bhutan moved $22.4 million in Bitcoin out of sovereign wallets this week, including a direct transaction to institutional market maker QCP Capital. The Himalayan nation’s crypto portfolio has dropped from a $1.4 billion peak to about $412 million. The outflows continue a pattern of periodic liquidations by the Royal Government of Bhutan, which began mining The post Bhutan Sold $22.4M in Bitcoin Amid Portfolio Decline of Over 70% appeared first on BeInCrypto.