🔗 Crypto & Blockchain

Bhutan's Bitcoin Hoard Crumbles: $18M More Moved in Latest Outflow

Bhutan's Bitcoin adventure — once hailed as a bold nation-state play — is unraveling fast. Arkham spots another $18 million outflow, slashing reserves to just 3,774 BTC from a 13,000 peak.

Bhutan flag overlayed with shrinking Bitcoin stack and outflow arrows

⚡ Key Takeaways

  • Bhutan's BTC holdings slashed to 3,774 from 13,000 peak via ongoing outflows. 𝕏
  • Arkham tracks $18M latest move, hinting at sales for cash needs. 𝕏
  • Signals risks for nation-state HODLers; governments prioritize fiat stability. 𝕏
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Originally reported by The Block

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