According to CoinDesk, Bhutan has sold 70% of its Bitcoin holdings over the past 18 months.
Arkham data shows that Bhutan's Bitcoin holdings have decreased from approximately 13,000 coins in October 2024 to the current 3,954 coins (about $280.6 million). In just this year, Bitcoin worth $215.7 million has been transferred out. Additionally, Bhutan's mining fund inflow record exceeding $100,000 has been over a year ago, indicating that the country may have suspended its hydroelectric-powered Bitcoin mining operations.
According to CoinDesk, Bhutan has sold 70% of its Bitcoin holdings over the past 18 months.
Arkham data shows that Bhutan's Bitcoin holdings have decreased from approximately 13,000 coins in October 2024 to the current 3,954 coins (about $280.6 million).
In just this year, Bitcoin worth $215.7 million has been transferred out.
Additionally, Bhutan's mining fund inflow record exceeding $100,000 has been over a year ago, indicating that the country may have suspended its hydroelectric-powered Bitcoin mining operations.