The Bhutanese government has quietly begun selling its accumulated reserves of #Bitcoin as prices breached the key $71,000 level. The Bhutanese government-labeled wallet transferred over $66 million on #BTC to the Binance exchange, suggesting it plans to sell its BTC.

The government wallet of #Bután still holds over $880 million worth of Bitcoin, which could create additional selling pressure as the wallet has been mining and holding Bitcoin for over five years.