不丹的比特幣下注：戰略銷售和長期BTC持有

不丹可以戰略性地管理其比特幣持有量，在維持大量BTC儲備的同時，在山峰附近銷售，展示了一種複雜的加密投資方法。

Bhutan's Bitcoin Bet: Strategic Sales and Long-Term BTC Holdings

不丹的比特幣下注：戰略銷售和長期BTC持有

In a calculated move, Bhutan has been actively managing its Bitcoin (BTC) holdings, selling off a portion to capitalize on market highs while reaffirming its commitment to digital assets. This delicate balancing act highlights a sophisticated approach to sovereign crypto investment.

在一項計算的舉動中，不丹一直在積極管理其比特幣（BTC）持股，出售一部分以利用市場高價，同時重申其對數字資產的承諾。這種微妙的平衡行為突出了一種主權加密投資的精緻方法。

Strategic Bitcoin Sales: A Tactical Play

戰略比特幣銷售：戰術性遊戲

Recent reports indicate that the Royal Government of Bhutan sold nearly $60 million worth of Bitcoin between July 10 and July 14, 2025. On-chain data tracked by Arkham Intelligence revealed the movement of 512.84 BTC to Binance in multiple transactions. These sales coincided with Bitcoin's surge to new all-time highs, suggesting a strategic profit-taking maneuver.

最近的報導表明，不丹皇家政府在2025年7月10日至7月14日之間出售了近6000萬美元的比特幣。阿卡姆情報公司（Arkham Intelligence）跟踪的鍊鍊數據顯示，在多項交易中，512.84 BTC的競爭者轉向了BTC。這些銷售恰逢比特幣的增長到新的歷史最高點，這表明了戰略性的獲利動作。

Blockchain analytics firm Lookonchain detailed the transactions, noting that one transfer alone moved 208.56 BTC, valued at $23.18 million at the time. The timing of these sales is crucial. Bitcoin's price jumped from $108,000 to over $122,000 during that period, reflecting a 12.4% increase. Bhutan's decision to offload some holdings during this rally indicates a shrewd strategy to lock in profits.

區塊鏈分析公司LookOnchain詳細介紹了交易，並指出僅一次轉會移動了208.56 BTC，當時價值為2318萬美元。這些銷售的時機至關重要。在此期間，比特幣的價格從108,000美元躍升至超過122,000美元，反映了12.4％的上漲。不丹在這次集會期間卸載一些持股的決定表明，鎖定利潤的精明策略。

Bhutan's Impressive Bitcoin Treasury Remains Strong

不丹令人印象深刻的比特幣國庫

Despite these sales, Bhutan's crypto reserves remain robust. The kingdom still holds 11,411 BTC, currently valued at approximately $1.4 billion. This substantial holding underscores the government's continued faith in digital assets as part of its investment strategy. In fact, the total value of Bhutan’s crypto treasury grew significantly within a week, thanks to the Bitcoin rally.

儘管有這些銷售，但不丹的加密儲備仍然強大。該王國仍然擁有11,411 BTC，目前價值約14億美元。這種實質性的持有強調了政府對數字資產的持續信仰，這是其投資戰略的一部分。實際上，得益於比特幣集會，不丹加密貨幣財政部的總價值在一周內大幅增長。

Bhutan also holds 656 ETH, valued at around $1.93 million. While the ETH holdings remained steady, an 18% increase in ETH's price further boosted the portfolio's valuation, illustrating how passive gains in a volatile market can significantly impact overall worth.

不丹還持有656 ETH，價值約為193萬美元。儘管ETH控股保持穩定，但ETH的價格增長了18％，進一步提高了投資組合的估值，這說明了揮發性市場中的被動增長如何顯著影響總體價值。

A Tactical Approach, Not a Crypto Exit

戰術方法，而不是加密出口

The $60 million sell-off might raise eyebrows, but it's clear that Bhutan is far from abandoning its crypto ambitions. With over 11,000 BTC still in reserve, the country remains a significant sovereign holder of Bitcoin. This tactical approach reflects a deep understanding of market dynamics, where timely sales during price peaks help secure profits without compromising long-term investment goals.

這筆6000萬美元的拋售可能會引起人們的注意，但很明顯，不丹遠未放棄加密貨幣的野心。該國仍然有11,000多個BTC儲備，仍然是比特幣的主權持有者。這種戰術方法反映了對市場動態的深刻理解，在價格峰值期間及時的銷售有助於獲得利潤，而不會損害長期投資目標。

The Bigger Picture: Why It Matters

更大的前景：為什麼重要

Bhutan's moves highlight a broader trend of institutional and sovereign entities becoming more active in the crypto market. As Bitcoin continues to flirt with all-time highs, other nations might follow Bhutan's lead in diversifying their national reserves with decentralized assets. Bhutan’s proactive management of its crypto portfolio sets a compelling example for others looking to navigate the digital asset landscape.

不丹的舉動突出了機構和主權實體在加密市場上變得更加活躍的更廣泛趨勢。隨著比特幣繼續以歷史最高的高調調情，其他國家可能會跟隨不丹的領導者，以分散的資產多樣化其國家儲備。不丹對其加密產品組合的積極主動管理為其他希望導航數字資產格局的其他人樹立了一個令人信服的榜樣。

Final Thoughts

最後的想法

So, while Bhutan might be trimming its BTC stash during rallies, don't mistake it for a crypto exodus. They're playing the game like seasoned pros, proving that even governments can HODL and strategically sell. Who knows, maybe they'll start offering crypto investment courses – Bhutan style!

因此，儘管不丹可能會在集會期間修剪其BTC藏匿處，但不要將其誤認為是加密貨幣出埃及記。他們正在玩遊戲，就像經驗豐富的專業人士一樣，證明即使政府也可以在戰略上出售。誰知道，也許他們會開始提供加密投資課程 - 不丹風格！