The Royal Government of Bhutan has reportedly accelerated its Bitcoin sales, offloading approximately 512.84 BTC, valued at nearly $59.47 million, over the past four days. This strategic move comes as Bitcoin recently hit a new all-time high of $123,000, prompting questions about the Himalayan kingdom's long-term cryptocurrency strategy. Despite these sales, Bhutan retains a substantial reserve of 11,411 BTC, worth an estimated $1.4 billion.
<h3>A Balanced and Strategic Approach to Bitcoin</h3>
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Bhutan's recent divestment is not a sudden shift but rather a continuation of a deliberate and balanced crypto strategy. The nation has been strategically selling portions of its <a href="https://www.cryptoknowmics.com/news/goldman-sachs-increases-bitcoin-holdings/">Bitcoin holdings</a> during periods of market strength over the past year, aiming to maximize returns. This approach contrasts sharply with those of other nations, such as Germany, which reportedly sold its Bitcoin too early, or El Salvador, which has publicly committed to holding its BTC reserves without selling.

Bhutan began accumulating Bitcoin as early as 2019 through its state-owned investment arm, Druk Holding &amp; Investments (DHI). The country notably leveraged its abundant hydropower resources to engage in sustainable Bitcoin mining, a move that allowed it to generate its own digital assets cost-effectively.
<h3>Bitcoin as a Funding Tool for National Development</h3>
The Kingdom views Bitcoin not only as a long-term reserve asset but also as a flexible funding tool for national development initiatives. By mining its own Bitcoin and maintaining a significant reserve, Bhutan positions itself to selectively sell BTC when market conditions are favorable, thereby raising capital for various projects without fully exiting the crypto market. This unique strategy enables Bhutan to capitalize on Bitcoin's appreciating value while simultaneously reinvesting in its future. Evidence of this forward-thinking approach includes its collaboration with blockchain company Bitdeer and its ambitious plans for the Gelephu Mindfulness City, projects that stand to benefit directly from these strategic crypto liquidations.

Bhutan Cashes In: Why the Kingdom is Selling Bitcoin Amidst All-Time Highs

Bhutan sold $59M Bitcoin at ATH, still holds $1.4B. The country uses a balanced strategy, mining BTC for development.

Bhutan Cashes In: Why the Kingdom is Selling Bitcoin Amidst All-Time Highs

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