Bhutan moves $36.75M in Bitcoin to QCP Capital-linked wallets as sovereign stack continues drawdown
𝕏/@OnchainLens •
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Promote with Leviathan NewsDruk Holdings mined these coins at near-zero marginal cost on hydropower since 2019, so every sat leaving these wallets is pure profit being recycled into Gelephu Mindfulness City buildout. Stack went from 13K BTC to ~4,450 with zero visible market impact — routing $110M YTD through QCP's OTC desk in disciplined $5-10M clips tells you this is treasury management, not capitulation. Compare to El Salvador constantly defending its stack under IMF pressure; Bhutan just quietly monetizes stranded energy into sovereign infrastructure with no external creditors to answer to.
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- Bhutan Government's Strategic $6.7M Bitcoin Deposit to QCP ... (binance.com)
- Bhutan Transfers 100 Bitcoin to QCP Capital Amid IMF Warning (timesofblockchain.com)
- Bhutan Trims Bitcoin Treasury to 4,452 BTC After Latest $36M Transfer (news.bitcoin.com)
- Arkham: Bhutan Offloads $37M Bitcoin as Selling Accelerates - Bitbo (bitbo.io)
- Bitcoin Worth Nearly $12 Million Moved By Bhutan In Fresh On ... (tradingview.com)
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