Bhutan's sovereign wealth fund denies BTC sell-off rumors

Druk Holding and Investments (DHI), Bhutan's sovereign wealth fund, has denied rumors that it has been selling its Bitcoin holdings. In an interview with CoinDesk, DHI CEO Ujjwal Deep Dahal clarified that he could not recall the last time the fund had sold any BTC. The statement follows a previous report from Arkham suggesting the Bhutanese government appeared to have sold over $200 million in BTC since the start of the year. Arkham had also projected that at its then-current pace, the government could liquidate its entire BTC position by October.