Bhutan’s Bitcoin Holdings Shrink as Nation Funds Development Plans

[madtrader]

Bhutan’s BTC holdings since 2022. Source: Arkham Intelligence
Bhutan has significantly reduced its Bitcoin reserves since 2024, selling portions of its holdings amid market volatility and strategic funding needs.

The country previously held over 13,000 BTC at its peak, but ongoing sales have lowered its stash as it allocates funds toward initiatives like the Gelephu Mindfulness City project.

Once valued at over $1.6 billion at Bitcoin’s peak, Bhutan’s reserves have declined alongside market conditions. The nation’s reduced inflows also raise questions about whether it has slowed or halted its Bitcoin mining operations.

Still, Bhutan remains one of the few countries actively integrating crypto into national economic planning.

[nihalsari]

so they sold 13k BTC?