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Bhutan-linked wallets moved 738 BTC worth $44.8M, continuing a steady sovereign Bitcoin sell-off.

Market News
06 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Wallets linked to Bhutan's sovereign fund transferred 738 Bitcoin, valued at about $44.8 million, as part of a structured, ongoing drawdown of state-controlled Bitcoin reserves. This move continues a trend where Bhutan has reduced its holdings from around 13,000 BTC to just a few thousand over the past 12 to 18 months, with estimated disposals in 2026 exceeding $230 million. Transfers were made in mid-sized tranches, suggesting coordinated treasury management rather than panic selling. Market analysts are watching these flows closely but remain uncertain if they represent outright sales or internal asset reshuffling, while Bitcoin prices hover near $60,000 amid mixed technical signals and support levels around $55,000 to $50,000.

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