BlockBeats News, May 12th, according to Arkham's monitoring, the Bhutanese government address is selling Bitcoin, having just transferred 100 BTC ($8.1 million) from its holding wallet.

At the current selling rate, its BTC holdings will be depleted by the end of September. Since the beginning of the year, Bhutan has cumulatively sold BTC worth $230.39 million, with remaining BTC worth $252 million. Monthly sales are around $50 million, with expected on-chain profits of $767 million.