Bhutan has transferred 100 BTC, valued at approximately $8.1 million, from its holdings, according to monitoring by Arkham. Since the beginning of the year, Bhutan has reportedly sold around $230.39 million worth of Bitcoin and currently retains approximately $252 million in BTC. The country is suspected of selling Bitcoin at a rate of about $50 million per month, which could deplete its holdings by the end of September if the pace continues.