A country with a ZERO cost basis on its Bitcoin is selling. While Michael Saylor is buying at $72K. Who is playing the marker right? Let's break down what's happening in Bhutan 🇧🇹 ▶️ Bhutan mined 8,200 BTC in 2023 alone using hydroelectric power, spending roughly $120M total for its entire stack. ▶️They've now sold about 70% since Oct '24, down from 13,000 to 3,954 BTC. ▶️They're selling through OTC desks like QCP Capital, not panic dumping on exchanges. This is a country funding infrastructure with magic internet money it mined with waterfalls. IMO. Buy BTC = good. Also sell BTC to improve country = good. Though Bhutan should probably restart its mining operations...
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