Bhutan Moves $22 Million in Bitcoin During Market Slump

Bhutan's recent Bitcoin transfer of $22 million highlights treasury management strategies as the crypto asset lingers 44% below its peak value.

In a notable shift, Bhutan has executed a transfer of $22 million in Bitcoin amid a significant market downturn. This move has captured the attention of analysts who perceive it as part of a systematic approach to treasury management.

The cryptocurrency market continues to experience turbulence, with Bitcoin trading at a level that is 44% lower than its all-time high. As part of its strategy, Bhutan is reallocating its holdings to a market maker, showcasing a proactive stance in navigating current market conditions.