{"id":551706,"date":"2026-02-05T04:54:02","date_gmt":"2026-02-05T04:54:02","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/02\/05\/bhutan-moves-22m-in-bitcoin-as-crypto-slumps-mining-conditions-toughen\/"},"modified":"2026-02-05T04:54:02","modified_gmt":"2026-02-05T04:54:02","slug":"bhutan-moves-22m-in-bitcoin-as-crypto-slumps-mining-conditions-toughen","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/02\/05\/bhutan-moves-22m-in-bitcoin-as-crypto-slumps-mining-conditions-toughen\/","title":{"rendered":"Bhutan moves $22M in Bitcoin as crypto slumps, mining conditions toughen"},"content":{"rendered":"

\"Bhutan<\/p>\n

Bhutan has slipped to the seventh-largest nation-state Bitcoin holder, with its stash falling from 13,295 BTC in October 2024 to 5,700 BTC.<\/p>\n

Bhutan has offloaded over $22 million in Bitcoin mined through its state-owned mining venture as the cryptocurrency\u2019s price continues to tumble and mining conditions worsen.<\/p>\n

Data<\/a> from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin (BTC<\/a>) worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth $8.3 million last Friday.\u00a0<\/p>\n

The $22.3 million worth of transfers were sent to crypto market maker QCP Capital, Arkham said. Transferring assets to market makers often signals a sale, as they help convert those assets into liquid markets.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Bhutan has slipped to the seventh-largest nation-state Bitcoin holder, with its stash falling from 13,295 BTC in October 2024 to 5,700 BTC. Bhutan has offloaded over $22 million in Bitcoin mined through its state-owned mining venture as the cryptocurrency\u2019s price continues to tumble and mining conditions worsen. Data from blockchain analytics platform Arkham shows that […]<\/p>\n","protected":false},"author":1,"featured_media":551707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-551706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/551706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=551706"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/551706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/551707"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=551706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=551706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=551706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}