Druk Holding & Investments (DHI) moved 319.7 BTC (~$23M) on April 9, 2026, part of a sustained sell-off that reduced Bhutan’s holdings from ~13,000 BTC to ~3,954 BTC (a decline of ~9,046 BTC). Onchain analytics show the outflow split to two destination addresses—one linked to trading partners including OKX and Galaxy Digital and another appearing to be a new intermediary or exchange deposit. Similar recent transfers (~374 BTC and ~520 BTC) and over $200M in outflows in 2026 point to ongoing treasury sales; prior proceeds reportedly funded domestic expenses. No official government statement has accompanied the moves. All transactions are verifiable onchain from source address bc1q0ng7kkt7vt3smv82fe63tuqsq0mz5kzhptjs6x.

DHI executed a 319.7 BTC transfer to addresses tied to exchanges (OKX, Galaxy Digital) and holdings have fallen from ~13,000 BTC to ~3,954 BTC (a ~9,046 BTC decline) with >$200M outflows in 2026; these facts indicate continued onchain sales into counterparties, which creates near-term downward pressure on BTC and is relevant for traders.