Bhutanese Government Net Sold About $120 Million in Bitcoin This Year, Arkham Says
According to Arkham (blockchain data platform), Bhutan reduced its Bitcoin holdings by roughly 1,700 BTC and typically moved funds in $5 million to $10 million batches to exchanges or QCP Capital.
BTC
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Terms & Concepts
Bitcoin: A decentralized digital asset that operates on a blockchain (shared digital ledger) without central bank control.
Market maker: A trading firm that provides liquidity by continuously quoting buy and sell prices for assets.
QCP Capital: A crypto trading firm and liquidity provider active in digital asset markets.