The Government of Bhutan has been steadily reducing its Bitcoin holdings this year, and it’s happening a bit more quietly than you’d expect for numbers this size. According to data from Arkham Intelligence, the country has already sold around $120 million worth of BTC, cutting its stash by roughly 1,700 BTC in the process. It’s not the kind of move that shows up as one big headline transaction. Instead, it’s been happening gradually, almost in the background. And that slow pace seems intentional. From what’s been shared, the first thing to note is that this isn’t a one-off event. It’s
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