I noticed an interesting trend — a Himalayan country sold nearly 70% of its Bitcoin reserves over a year and a half. They had about 13,000 BTC in reserve, and now approximately 4,000 remain. Just this year, they withdrew Bitcoin worth over $215 million. Bhutan clearly needs liquidity. Additionally, I noticed that mining revenues there have fallen below a critical threshold. There have been no significant inflows from hydroelectric operations for over a year. It seems that mining has either been completely halted or is operating at a minimum. It’s interesting what prompted the government to divest its reserves at such a pace. Could it be economic difficulties or a strategic reorientation?

BTC3.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin