Bhutan Liquidates 70% of Bitcoin Holdings; Mining Operations Likely Halted

Bhutan Liquidates 70% of Bitcoin Holdings; Mining Operations Likely Halted

The Kingdom of Bhutan, once a rising star in the sovereign Bitcoin mining landscape, has undergone a significant shift in strategy, liquidating 70% of its holdings over the past 18 months. Recent data indicates that Bhutan has aggressively trimmed its Bitcoin reserves since October 2024, with holdings plummeting to just 3,954 coins. Furthermore, analysis of on-chain activity suggests the government may have halted its mining operations entirely.

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