
🇧🇹 According to data from Arkham Intelligence, the amount of Bitcoin held in Bhutan’s government wallets has decreased by more than 95%, dropping from approximately 13,000 BTC to just around 500 BTC. Bhutan once held a Bitcoin portfolio worth billions of USD, largely acquired through Bitcoin mining powered by the country’s hydropower resources. It’s easy to understand, folks... Bhutan is renowned for its Gross National Happiness index, and the government likely realized that holding Bitcoin doesn’t contribute much to happiness.
