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🇧🇹 The Kingdom of Bhutan has gradually reduced its sovereign Bitcoin reserve by 71% over a year and a half. At its peak, the country held approximately 13,000 BTC. Currently, 3,774 BTC are stored in a government-controlled wallet.
The source of the national crypto fund was supported by state-backed mining on excess hydroelectric power. However, the latest contribution from the Foundry USA pool of about ~$0.9 BTC was in November 2024. Experts suggest that authorities have abandoned the unprofitable cryptocurrency mining.