Saw this interesting development - Bhutan apparently dumped 70% of its bitcoin holdings over the last year and a half. That's a pretty significant move from a country that was actually getting into crypto. The report also suggests they might have wound down their mining operations too, which is kind of a plot twist given how bullish they seemed on the space not long ago. Makes you wonder what changed their calculus. Were they just looking to cash out, or did the mining economics stop making sense? Either way, it's notable when a government that actually invested in mining infrastructure decides to step back. Kind of a reminder that even institutional players can change their crypto strategy pretty quickly depending on market conditions and their financial needs.

BTC-1.18%
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