Bhutan makes second Bitcoin transfer in a week, worth $22M - Source: CoinTelegraph

Bhutan has offloaded another $22 million in Bitcoin mined through its state-owned mining venture, with the sale coming amid crypto price declines and challenging mining conditions.

Data from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth $8.3 million last Friday. 

The $22.3 million worth of transfers were sent to crypto market maker QCP Capital, Arkham said. Transferring assets to market makers often signals a sale, as they help convert those assets into liquid markets.

Story continues: https://cointelegraph.com/news/bhutan-reportedly-sells-more-bitcoin-from-its-reserve