I noticed an interesting news story about Bhutan — it turns out the country sold off 70% of its Bitcoin holdings over the past year and a half. Quite an unexpected turn for a nation that previously positioned itself as a major BTC miner.

According to the information I found, Bhutan not only actively sold its reserves but also appears to have shut down its Bitcoin mining operations. This is a pretty dramatic reversal — from accumulation and mining to selling off. I wonder what reasons were behind this decision: perhaps they needed funds, or simply re-evaluated their strategy.

It's quite amusing to see how even countries with access to cheap energy for mining are changing their stance on crypto. Bhutan was one of the few examples of government-level interest in Bitcoin, and now we see such a turn. What do you think, is this a signal of something or just a tactical move?