Bhutan government moves another 100 BTC as 2026 bitcoin outflows top $230 million: Arkham

The Bhutanese government has reportedly moved an additional 100 BTC, pushing its total Bitcoin outflows for 2026 beyond $230 million, according to analysis by Arkham. This activity is part of a pattern where Bhutan appears to have been selling approximately $50 million worth of BTC on a monthly basis throughout the current year. Despite these significant sales, the nation still retains a considerable holding, with an estimated $252 million in Bitcoin remaining in its reserves.