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Bhutan has sold 70% of its #Bitcoin holdings over the past 18 months.
Arkham data reveals that the country's stash has dropped from roughly 13,000 BTC in October 2024 to the current 3,954 BTC (worth approximately $280.6 million), with $215.7 million in BTC transferred out this year alone.
Furthermore, it's been over a year since Bhutan recorded a mining inflow exceeding $100,000, suggesting that the kingdom may have halted its hydropower-backed Bitcoin mining operations.
$BTC