Bhutan sells $42.5 million in bitcoin as national holdings drop 58% from peak

Bhutan transferred 175 BTC on Monday, continuing a significant reduction of its national bitcoin reserves. The kingdom’s holdings have declined from a peak of approximately 13,000 BTC to under 5,400 BTC in just over a year, representing a 58% decrease from its highest point. The ongoing drawdown reflects the country’s strategy to manage its cryptocurrency assets amid market conditions.

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