According to Arkham, Bhutan is continuing its Bitcoin sell-off, recently moving another 100 BTC worth $7.83 million from its holding wallets. Since the start of 2026, the country has sold nearly $206.98 million in Bitcoin and now holds only $263 million worth of BTC. This matters because Bhutan was known for state-backed Bitcoin mining and long-term holding. If sales continue at this pace, Bhutan could fully exit its BTC reserves by October, signaling a major shift in its crypto strategy.
BlackRock is expanding deeper into crypto markets by bringing its $2.5 billion tokenized money market fund, BUIDL, to crypto exchange OKX. Under the partnership, Standard Chartered will securely custody the underlying assets, while traders on OKX can use BUIDL as collateral for trading.
In a recent post, OKX confirmed that users can now use BlackRockβs BUIDL fund on the exchange while continuing to earn interest on their holdings instead of leaving funds idle. The integration gives traders access to institutional-grade collateral backed by one of the worldβs largest asset managers.
Your collateral shouldnβt sit idle.
BlackRockβs BUIDL is now live as yield-bearing collateral on OKX β safeguarded in Tier 1 custody with Standard Chartered.
Together, the worldβs largest asset manager, a G-SIB, and global digital market infrastructure set a new blueprint forβ¦ pic.twitter.com/DK45pFALVs
According to OKX, users now have two ways to use BUIDL on the exchange:
Keep assets with Standard Chartered while using the same value as collateral on OKX.
Hold BUIDL directly on OKX and use it for trading collateral while continuing to earn interest.
In simple terms, traders can now use a BlackRock-backed digital money market fund like cash on a crypto exchange without leaving funds idle.
βThis product was designed to minimize risk rather than add layers of risk. It becomes more efficient and productive collateral.β β Rifad Mahasneh, Senior Executive at OKX
The partnership highlights growing ties between Wall Street firms and crypto exchanges as more traditional financial products move onto blockchain networks. It also signals increasing adoption of tokenized real-world assets in digital asset markets.
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