According to the source, a Spanish council plans to sell its Bitcoin after a 1,000x increase, with proceeds potentially directed to quantum research (source: the provided article link). If executed, the sale would introduce additional spot BTC supply that can weigh on price and liquidity around execution, so traders should monitor any official disclosures on size, venue, and timing (source: the provided article link).

According to Onchain Lens, the Royal Government of Bhutan transferred 355.51 BTC valued at $387.8M to newly created wallets, flagged via Arkham Intelligence’s Druk Holding & Investments entity tracking page (source: Onchain Lens on X https://twitter.com/OnchainLens/status/1971480257875279974; Arkham Intelligence https://intel.arkm.com/explorer/entity/druk-holding-investments). The Onchain Lens post did not indicate any deposits to centralized exchanges or provide a stated purpose for the move (source: Onchain Lens on X https://twitter.com/OnchainLens/status/1971480257875279974). Traders can monitor the Arkham entity page and the recipient addresses for follow-on transfers or exchange-linked tags to gauge potential market impact (source: Arkham Intelligence https://intel.arkm.com/explorer/entity/druk-holding-investments).

According to @GracyBitget, the USA, China, UK, Ukraine, Bhutan, and El Salvador are cited as the six largest government BTC holders, and a single “Strategy” entity allegedly holds more BTC than these six governments combined, with two data sources linked in the post. source: Gracy Chen on X, 2025-09-01; sources cited: Arkham Intelligence, BitcoinTreasuries. For traders, the post flags potential BTC supply concentration in a single holder and points to validating the claim and monitoring flows via the cited dashboards before positioning around liquidity events. source: Gracy Chen on X, 2025-09-01; sources cited: Arkham Intelligence, BitcoinTreasuries.

According to @KookCapitalLLC, Germany sold all of its Bitcoin holdings at a price of $54,000 per BTC, as reported on May 22, 2025 (source: https://twitter.com/KookCapitalLLC/status/1925480285128323197). This liquidation event is significant for traders because large-scale state sell-offs typically increase market volatility and can trigger short-term price declines or instability in the broader cryptocurrency market. Investors should closely monitor trading volumes and order book depth around the $54,000 level, as this price point may now serve as a critical reference for future resistance or support. The move also underscores how government holdings and their sale strategies can directly influence crypto market sentiment and liquidity.