The Royal Government of Bhutan is once again making headlines in the crypto world as Bitcoin hits $123K for the first time in history. Known for its surprisingly large Bitcoin reserves, the Royal Government has reportedly accelerated its BTC sales in recent days.
According to blockchain tracking platform Lookonchain, Bhutan sold 512.84 BTC over the past four days, amounting to approximately $59.47 million. Despite this selling spree, the country still holds a sizable stash of 11,411 BTC, valued at around $1.4 billion.
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