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Bhutan Offloads 400 Bitcoin as Sovereign Reserves Plunge 96%

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The Story

News Summary

  • Bhutan's government moved 400 Bitcoin worth $30.62 million to an unidentified wallet, dropping its labeled reserves to 518 BTC.
  • This represents a 96% decline from its peak holdings, continuing persistent sovereign outflows and raising concerns over potential spot market selling pressure.
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