The Bhutanese Government Address Reportedly Sells Another 100 BTC, with an Average Monthly Sales Volume of Around $50 million

BlockBeats News, May 12th. According to Arkham's monitoring, the Bhutanese government's address is selling Bitcoin, having just transferred 100 BTC ($8.1 million) from its holding wallet.

Based on the current sell rate, its BTC is expected to be depleted by the end of September. Since the beginning of the year, Bhutan has sold a total of $230.39 million worth of BTC, with remaining BTC worth $252 million. The monthly sales amount to approximately $50 million, with an estimated on-chain profit of $767 million.