Money
Bhutan's Bitcoin Strategy: 70% Sold and Possible Mining Cessation
In a notable shift, Bhutan has reportedly sold 70% of its bitcoin holdings over the past 18 months and may have ceased its mining operations, according to CoinDesk.
editorial-staff
1 min read
Updated about 6 hours ago
Summary
Bhutan has made significant moves in the cryptocurrency space, selling 70% of its bitcoin within an 18-month period.
This decision raises questions about the country's ongoing commitment to bitcoin mining, as there are indications that it may have halted these activities.
The implications of these actions for Bhutan's economy and its future in the cryptocurrency market remain uncertain.
Key Facts
| Fact | Value |
|---|---|
| Percentage of bitcoin sold | 70% |
| Timeframe | 18 months |
Updates
- No subsequent updates recorded.