Bhutan government's BTC holdings down 58% from peak

The Bhutanese government's Bitcoin holdings have fallen to 5,400 BTC, a 58% decrease from a peak of 13,000 BTC at the end of 2024, CoinDesk reported. Amid the drop in Bitcoin's price, the value of these holdings has also declined from $1.5 billion to its current level of $374 million. Previously, Lookonchain reported that a wallet presumed to belong to the Bhutanese government transferred 175 BTC ($11.85 million) early today, likely for selling.