Bhutan has transferred another 100 BTC, bringing its total BTC sales since the beginning of the year to $230 million.

CoinFeed reported on May 12th that, according to Arkham monitoring, Bhutan is selling Bitcoin, having just transferred 100 BTC ($8.1 million) from its holding wallet. At the current selling rate, its BTC will be exhausted by the end of September. Since the beginning of the year, Bhutan has sold a total of $230.39 million worth of BTC, with a remaining BTC value of $252 million, selling approximately $50 million per month. If all of it were sold at the current BTC price, its on-chain profit would reach $767 million.