FeesSafety
Pluang+

Bhutan sells 434 BTC for $28M, shrinking its Bitcoin reserves from 13,000 to about 3,000-4,000 BTC.

Market News
07 Aug 2026, 20:31 WIB
Crypto Briefing
View Source
Neutral
Bhutan sells 434 BTC for $28M, shrinking its Bitcoin reserves from 13,000 to about 3,000-4,000 BTC.

The Royal Government of Bhutan sold 434.87 Bitcoin worth nearly $28 million, continuing a steady liquidation of its Bitcoin holdings that have dropped from about 13,000 BTC in 2024 to an estimated 3,000-4,000 BTC today. These Bitcoins were mined using Bhutan's hydropower resources and sold mainly through over-the-counter channels to avoid market disruption. The proceeds are funding development projects like the Gelephu Mindfulness City, aiming to diversify Bhutan's economy. Mining has slowed or stopped, so the country is managing a shrinking Bitcoin reserve without new production to replenish it.

More News

New nonprofit Software Safety Institute launches to reduce harm from insecure software.

New nonprofit Software Safety Institute launches to reduce harm from insecure software.

The Software Safety Institute (SSI), a new independent nonprofit, has launched to tackle preventable harm caused by unsafe and insecure software. SSI aims to improve software safety by changing industry incentives and practices through research, publ...

Market News
Neutral
22 minutes ago
Silvercrest ranks #8 in Nasdaq eVestment Q3 2026 Brand Awareness among mid-sized asset managers

Silvercrest ranks #8 in Nasdaq eVestment Q3 2026 Brand Awareness among mid-sized asset managers

Silvercrest Asset Management Group Inc. was ranked #8 in Nasdaq eVestment’s Q3 2026 Brand Awareness Rankings among mid-sized firms managing $2.5 billion to $40 billion in assets. This ranking reflects strong engagement from consultants and asset owne...

Market News
Bullish
22 minutes ago
AnorTech closes $7.55M share exchange, Greenland Mines now owns 19.9% stake

AnorTech closes $7.55M share exchange, Greenland Mines now owns 19.9% stake

AnorTech Inc. completed a $7.55 million share exchange with Nasdaq-listed Greenland Mines, increasing Greenland Mines' ownership in AnorTech to 19.9%. Greenland Mines acquired over 25 million AnorTech shares in exchange for Greenland Mines shares val...

Company Fundamentals
Bullish
1 hour ago
Neo launches Neoverse, a free AI security engine analyzing 4M+ AI apps to block malicious software automatically.

Neo launches Neoverse, a free AI security engine analyzing 4M+ AI apps to block malicious software automatically.

Neo Security, Inc. has launched Neoverse, a free AI software intelligence engine that researches and classifies over 4 million AI apps, extensions, and servers to assess their capabilities and security risks. Integrated into Neo's platform, Neoverse ...

Others
Bullish
1 hour ago
Microsoft to retire UWP Map Control by Nov 2026; OnTerra offers ready replacement using Azure Maps.

Microsoft to retire UWP Map Control by Nov 2026; OnTerra offers ready replacement using Azure Maps.

Microsoft will retire the backend services for its UWP Map Control and Windows Maps APIs on November 30, 2026, ending map functionality in many Windows desktop and tablet applications. OnTerra Systems, a Microsoft partner, has developed an off-the-sh...

Market News
Neutral
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App