Bhutan sold 70% of its bitcoin holdings in 18 months and may have stopped bitcoin mining
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Jinse Finance reported that since October 2024, Bhutan’s Bitcoin holdings have decreased from 13,000 to 3,954, with $215.7 million transferred out just this year. The last recorded mining revenue exceeding $100,000 was more than a year ago. Over 18 months, Bhutan has sold 70% of its Bitcoin holdings and may have already stopped mining Bitcoin.
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