Bhutan sells 70% of its Bitcoin stash
Bhutan has sold about 70% of its Bitcoin holdings since October 2024, data from Arkham Intelligence showed last week.
The country now holds about 3,954 Bitcoin worth about $280.6 million, well below its peak holdings of about 13,000 Bitcoin seen in late-2024. At its peak, the country held about $1.4 billion worth of Bitcoin.
The reason behind the sale was not immediately clear. The status of Bhutan’s Bitcoin mining operations also appeared to be unclear, recent media reports showed.
Strategy acquires another $1 billion in Bitcoin
Strategy added 13,927 Bitcoin to its treasury last week, paying an average of roughly $71,902 per coin for a total outlay of about $1 billion, according to a Monday filing.
The purchase brings Michael Saylor’s company to a total of 780,897 BTC, acquired for approximately $59.02 billion at an average cost of $75,577 per coin.
Crypto price today: altcoins mostly higher
Broader crypto prices were largely higher, though most altcoins traded in tight ranges and gains were capped.
World no.2 crypto Ether rose 1.8% to $2,253.38, while XRP added 0.8% to $1.3474.
Cardano, Solana, and BNB climbed 0.2%, 1.6%, and 2%, respectively.
Among memecoins, Dogecoin was up 1.4% and $TRUMP gained 0.5%.