Bhutan Sells 100BTC, Risk of Depleting Holdings by End of September, According to Arkham

Total Sales for the Year Could Reach Approximately 36.2 Billion Yen

On the 12th, blockchain analytics firm Arkham Intelligence reported that the Government of the Kingdom of Bhutan had transferred 100BTC (about $8.1 million, approximately 1.27 billion yen) from its holdings. According to the firm, if the current pace of sales continues, there is a possibility that the holdings will be depleted by the end of September.

Additional data released by Arkham on the same day indicates that...