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Techub News reports, according to CoinDesk, officials from the government of Bhutan stated that the country "does not remember" ever selling any Bitcoin, and refuted the previously widespread tracking data about its reduction of Bitcoin holdings valued at $1 billion. The country was previously tracked by on-chain data monitoring platforms to have a decrease of approximately $1 billion in Bitcoin holdings, but the government disputed this data, claiming no such sales took place. This statement has sparked market attention regarding the accuracy of on-chain data interpretation.