Well, well, well! The charming kingdom of Bhutan has once again dipped into its digital treasure chest, offloading another 100 Bitcoins worth a cool $6.7 million. According to the ever-watchful Arkham Intelligence, this marks the third consecutive week of such financial frolics. How utterly diverting!
- Bhutan, in a display of fiscal panache, has parted with 100 BTC, valued at $6.7 million, as reported by the Arkham sleuths. Three weeks running, no less!
- On-chain data reveals a structured (read: slightly obsessive) pattern of deposits to a QCP-linked WBTC merchant address, suggesting a gradual treasury tweak rather than a dramatic liquidation.
- Despite this monetary minuet, Bhutan still clings to roughly 5,600 BTC, a tidy sum of $372 million, keeping it firmly in the league of crypto aristocracy.
The transaction, flagged by Arkham, occurred some 16 hours before the alert, with 100 BTC waltzing from the wallets of the Royal Government of Bhutan to an external address. How exotic!
BHUTAN JUST SOLD $6.7 MILLION BTC
Bhutan has been selling Bitcoin every week for the past 3 weeks.
– Arkham (@arkham) February 13, 2026
This financial fandango is part of what Arkham describes as a three-week spree of Bitcoin selling. How deliciously consistent!
Bhutan’s Weekly Bitcoin Ballet Continues
The data, my dear, indicates that Bhutan has been gradually (one might say gracefully) offloading Bitcoin in recent weeks.
Arkham’s dashboard reveals a series of BTC transfers, including batches of 184 and 100 BTC. The pattern, one must admit, is almost artistic in its regularity, suggesting a structured approach rather than a frantic fire sale.
Furthermore, Arkham previously tattled that Bhutan sold at least $100 million worth of BTC in September 2025. This latest transaction confirms that the monetary merry-go-round is still in full swing.
Bitcoin Mining Takes a Breather Post-Halving
Bhutan’s Bitcoin reserves, you see, are largely tied to its state-backed mining escapades. The country had grand plans to scale its mining capacity to 600 megawatts, in cahoots with Bitdeer Technologies. How ambitious!
However, Arkham notes that on-chain mining inflows have slowed to a crawl following Bitcoin’s April 2024 halving event, which trimmed the fat from block rewards and put the squeeze on mining profits.
This mining malaise may well be behind Bhutan’s gradual treasury trimming.
Despite these financial pirouettes, Arkham assures us that Bhutan still holds approximately 5,600 BTC, a tidy $372 million, across its identified wallets. This places Bhutan firmly in the crypto high society.
While these transfers don’t necessarily mean an immediate market splash, repeated exchange-linked deposits often hint at liquidity preparations. One can only imagine the market murmurs as participants watch Bhutan’s weekly BTC waltz with bated breath.
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2026-02-13 14:04