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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), with $215.7 million worth of Bitcoin transferred out just this year. Additionally, Bhutan's mining fund inflows exceeding $100k have been recorded over a year ago, indicating that the country may have suspended its hydroelectric-powered Bitcoin mining operations.