Bhutan's Bitcoin stash drops to about 4,452 BTC after 519.7 BTC ($36.75M) move

Bhutan's state-owned investment arm moved 519.7 BTC (about $36.75 million) early Wednesday to wallets associated with Singapore OTC desk QCP Capital. The transfer continues a quiet selling pattern that has reduced the kingdom's bitcoin holdings to an estimated 4,452.799 BTC, roughly $319 million at current prices. The latest activity follows a 973 BTC move last week and keeps year-to-date liquidations above $110 million.