According to Arkham's monitoring, Bhutan has sold another $6.7 million worth of Bitcoin. This follows weekly Bitcoin sales in the country over the past three weeks. Bhutan originally planned to partner with Bitdeer Technologies for mining, expecting to provide up to 600MW of Bitcoin hashrate, but on-chain data shows that its mining speed has slowed since the April 2024 halving. Furthermore, Bhutan sold at least $100 million worth of Bitcoin in September and continues to sell gradually. Identified wallets still hold approximately $372 million worth of Bitcoin.
Arkham: Bhutan sells another $6.7 million worth of Bitcoin, total holdings still reach $372 million.
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