Bhutan has gotten rid of 70% of its Bitcoin reserves in a year and a half. Interestingly, the country that was once known for active crypto mining now seems to have completely shut down that activity.

It sounds strange, but if you think about it — Bhutan was one of the few nations that seriously engaged in mining on a national level. It was their bet on digital assets. But it seems their plans have changed.

So what happened? Either they simply decided to lock in profits as Bitcoin's price increased, or mining ceased to be a priority for political or economic reasons. A large-scale withdrawal from mining in such a short period is a serious signal.

The news shows how unpredictable the strategy of even government players can be in the crypto market. What seemed like a long-term plan can change within months.