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▲ Bhutan, Bitcoin (BTC)/AI generated image
The Bhutanese government has once again put its Bitcoin (BTC) holdings on the market, continuing a trend of 'nation-level selling'.
According to reports from virtual asset media on April 9 (local time), the Royal Government of Bhutan recently moved 319.7 BTC (approximately $22.67 million) to two wallets. A portion of these funds is presumed to be linked to exchange addresses, which is effectively interpreted as a move to prepare for sale.
This transaction is not a one-off event. Bhutan has continuously reduced its holdings, moving 519.7 BTC on March 25, 123.7 BTC on March 27, and 374.9 BTC on March 31.
Its current holdings are approximately 3,954 BTC, a significant reduction from around 13,000 BTC in 2024. More than 2,000 BTC have been released into the market just this year.
Meanwhile, on the technological front, efforts to counter the threat of 'quantum computing' have also been observed. Olaoluwa Osuntokun, CTO of Lightning Labs, unveiled a prototype for a wallet verification technology that is secure against quantum attacks.
This technology is designed to prove wallet ownership without exposing private keys. It also offers practical usability, with proof generation possible within approximately 55 seconds and verification within 2 seconds, even on consumer-grade hardware.
On the regulatory front, the U.S. government is raising market pressure by drafting strong anti-money laundering (AML) regulations for stablecoins.
Industry analysis suggests that the virtual asset market is entering a critical turning point, with nation-level Bitcoin sales, evolving security technologies, and strengthening regulations all unfolding simultaneously.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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