{"id":179398,"date":"2026-03-25T17:39:00","date_gmt":"2026-03-25T17:39:00","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/news\/le-bhoutan-poursuit-ses-ventes-de-bitcoin-avec-un-transfert-de-37-millions-usd-vers-binance\/"},"modified":"2026-03-25T15:38:45","modified_gmt":"2026-03-25T15:38:45","slug":"bhoutan-ventes-bitcoin-transfert-d37-millions-usd-binance","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/bhoutan-ventes-bitcoin-transfert-d37-millions-usd-binance\/","title":{"rendered":"Le Bhoutan poursuit ses ventes de Bitcoin avec un transfert de 37 millions USD vers Binance"},"content":{"rendered":"<p>Le Bhoutan vend \u00e0 nouveau du Bitcoin. Le gouvernement royal a transf\u00e9r\u00e9 mercredi 519,7 BTC, d&#8217;une valeur d&#8217;environ 36,75 millions USD, vers une adresse de d\u00e9p\u00f4t Binance.<\/p><p>Ce mouvement provient de Druk Holding and Investments, le fonds souverain du pays, et suit un sch\u00e9ma constant de sorties de fonds qui dure depuis plusieurs mois.<\/p><p>Le stock restant s&#8217;\u00e9l\u00e8ve d\u00e9sormais \u00e0 4 453 BTC. Il s&#8217;agit d&#8217;une chute brutale par rapport au pic de plus de 13 000 BTC. Plus des deux tiers de la position ont disparu.<\/p><div class=\"su-note\" style=\"border: 1px solid #e0d5e5; border-radius: 5px; margin: 20px 0; background-color: #faefff; color: #333333; padding: 20px;\"><strong>Points cl\u00e9s :<\/strong>\n<ul>\n<li><strong>La transaction :<\/strong> Druk Holding a d\u00e9plac\u00e9 519,7 BTC vers des portefeuilles li\u00e9s \u00e0 des plateformes d&#8217;\u00e9change, notamment Binance et QCP Capital.<\/li>\n<li><strong>La tendance :<\/strong> Les avoirs souverains ont chut\u00e9 de plus de 60 % par rapport au sommet d&#8217;octobre 2024 pour atteindre environ 4 450 BTC.<\/li>\n<li><strong>Le signal :<\/strong> Les r\u00e9serves souveraines sont converties en liquidit\u00e9s par tranches r\u00e9guli\u00e8res de 30 \u00e0 70 millions USD.<\/li>\n<\/ul>\n<\/div><h2 class=\"wp-block-heading\">Le transfert : confirmation on-chain<\/h2><p><span class=\"replacer\"><\/span><br>\nLes donn\u00e9es d&#8217; <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/bhutan\" target=\"_blank\" rel=\"noreferrer noopener\">Arkham Intelligence<\/a> identifient le mouvement comme une transaction fractionn\u00e9e.<\/p><p>Les fonds ont \u00e9t\u00e9 achemin\u00e9s vers deux portefeuilles distincts : l&#8217;un associ\u00e9 \u00e0 la soci\u00e9t\u00e9 de trading QCP Capital et l&#8217;autre alimentant directement les flux entrants de Binance.<\/p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-491565\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/03\/25093518\/image-204-1-1024x528.jpg\" alt=\"\" width=\"1024\" height=\"528\"><\/figure><p>Les transferts directs vers les adresses de d\u00e9p\u00f4t des exchanges signalent g\u00e9n\u00e9ralement une intention imm\u00e9diate de vendre ou de nantir des actifs plut\u00f4t qu&#8217;une simple rotation de garde.<\/p><p>Il s&#8217;agit d&#8217;un \u00e9v\u00e9nement de liquidit\u00e9. Le march\u00e9 a observ\u00e9 cela \u00e0 plusieurs reprises ces derni\u00e8res semaines, notamment avec une sortie de 72 millions USD la semaine derni\u00e8re et une tranche de 12 millions USD plus t\u00f4t dans le mois.<\/p><p>Druk Holding r\u00e9duit son exposition moyenne alors que les prix oscillent autour de 71 100 USD.<\/p><p>Bien que certains analystes d\u00e9battent du motif exact, la destination de <a href=\"https:\/\/www.theblock.co\/post\/394986\/bhutan-moves-37-million-worth-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">ces fonds sugg\u00e8re<\/a> une prise de profit active plut\u00f4t qu&#8217;un repositionnement \u00e0 long terme.<\/p><h2 class=\"wp-block-heading\">La strat\u00e9gie : du minage \u00e0 la mon\u00e9tisation<\/h2><p><span class=\"replacer\"><\/span><br>\nLes avoirs en Bitcoin du Bhoutan n&#8217;ont pas \u00e9t\u00e9 achet\u00e9s sur le march\u00e9 libre comme les actifs institutionnels classiques.<\/p><p>Ils ont \u00e9t\u00e9 g\u00e9n\u00e9r\u00e9s par des op\u00e9rations de minage de Bitcoin \u00e0 \u00e9chelle industrielle utilisant les ressources hydro\u00e9lectriques renouvelables du pays.<\/p><p>Cela donne \u00e0 Druk Holding un co\u00fbt de base pratiquement nul (hors d\u00e9penses d&#8217;investissement en infrastructure), faisant de ces ventes souveraines de BTC une pure r\u00e9alisation de b\u00e9n\u00e9fices pour le tr\u00e9sor public.<\/p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-491567 lazyload\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/03\/25093609\/image-204-2-1024x622.jpg\" alt=\"\" width=\"1024\" height=\"622\"><figcaption class=\"wp-element-caption\">Source : <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/druk-holding-investments\" target=\"_blank\" rel=\"noreferrer noopener\">Arkham<\/a><\/figcaption><\/figure><p>La strat\u00e9gie a chang\u00e9. De 2022 \u00e0 fin 2024, le Bhoutan \u00e9tait un accumulateur net. D\u00e9sormais, l&#8217;\u00c9tat agit en vendeur disciplin\u00e9.<\/p><p>\u00c0 l&#8217;inverse d&#8217;El Salvador qui continue d&#8217;acheter, le Bhoutan mon\u00e9tise son surplus num\u00e9rique pour financer des initiatives nationales. Les analystes y voient une rotation de capital finan\u00e7ant probablement le projet d&#8217;infrastructure Gelephu Mindfulness City.<\/p><p>Alors que <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-gold-reverse-roles-safe-haven-analyst\/\" target=\"_blank\" rel=\"noreferrer noopener\">le Bitcoin et l&#8217;or inversent leurs r\u00f4les<\/a> dans le d\u00e9bat macro\u00e9conomique global, le Bhoutan traite sa r\u00e9serve de BTC strictement comme un compte de fonds de roulement.<\/p><p>Les march\u00e9s absorbent l&#8217;offre. Malgr\u00e9 la pression \u00e0 la vente persistante du Bhoutan, le Bitcoin reste r\u00e9silient, <a href=\"https:\/\/cryptonews.com\/news\/btc-usd-volatility-signals-and-bottom\/\" target=\"_blank\" rel=\"noreferrer noopener\">s&#8217;\u00e9changeant avec des signaux de volatilit\u00e9<\/a> qui sugg\u00e8rent une forte absorption par la demande.<\/p><p>Le portefeuille de Druk Holding est d\u00e9sormais un vecteur de vente identifi\u00e9. Il s&#8217;agit d&#8217;un d\u00e9nouement organis\u00e9. Le tr\u00e9sor liquide ses positions en profitant de la force du march\u00e9.<\/p>","protected":false},"excerpt":{"rendered":"<p>Le Bhoutan vend 37 millions USD en BTC via un transfert vers Binance<\/p>\n","protected":false},"author":605,"featured_media":179397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"editors":[2551],"sponsored_companies":[],"class_list":["post-179398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","editors-julien-leroy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Le Bhoutan vend du Bitcoin : un transfert de 37M$ vers Binance<\/title>\n<meta name=\"description\" content=\"Le Bhoutan vend \u00e0 nouveau du Bitcoin. 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