CoinEx News: Wallets linked to Bhutan's government transferred 533.2 BTC, worth about $34.52 million, to a centralized trading platform on June 17, while on-chain trackers estimate the same cluster has sold about 10,451 BTC since June 2025 for roughly $979 million. Bhutan's Bitcoin was mined with hydropower through Druk Holding & Investments, making it one of the few sovereign BTC treasuries built by mining rather than seizures.

The remaining stack is only about 1,750-2,000 BTC, so the direct supply is limited, but each exchange transfer can still weigh on BTC sentiment when traders are watching government-wallet flows.