Bhutan moves 100.44 BTC worth $8.2M, continuing large bitcoin outflows since 2026 start.

Bhutan's government transferred 100.44 BTC valued at about $8.2 million to an unlabeled wallet, continuing a trend of significant bitcoin outflows tracked since early 2026. Analysts estimate over $230 million in BTC has moved from Bhutan-linked wallets this year, reducing its reserves from over 13,000 BTC in 2024 to around 3,119 BTC now. While the destination wallet is unidentified, past transfers have reached exchanges like Binance and firms such as Galaxy Digital. This ongoing activity suggests potential selling or restructuring of Bhutan's bitcoin holdings amid fluctuating market conditions.