🇧🇹Bhutan Cuts Bitcoin Holdings
Bhutan stepped up Bitcoin offloading from its national reserves, moving more than $22 million worth of the cryptocurrency as prices decline and mining economics deteriorate. On-chain data from Arkham shows that the Himalayan kingdom transferred 184 Bitcoin, valued at roughly $14 million, from its holdings on Wednesday. This followed an earlier transfer of 100.8 Bitcoin worth about $8.3 million late last week, bringing the total value of recent movements to approximately $22.3 million.