The kingdom's holdings have dropped from 13,000 BTC to 3,954 since October 2024, with $215.7 million moved out this year alone. Its last mining inflow over $100,000 was recorded more than a year ago. Bhutan has quietly sold about 70 percent of the roughly 13,000 bitcoin it held in October 2024, reducing its stash to 3,954 BTC worth about $280.6 million. The kingdom appears to have slowed or halted its hydropower-backed bitcoin mining, with no major new inflows recorded in more than a year…
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