Over $1 Billion in Bitcoin Leaves Bhutan Wallets

Arkham Intelligence data reveals that more than $1 billion in bitcoin has exited wallets linked to Bhutan over the past year, moving to exchanges and trading firms. Despite this significant outflow, Bhutan asserts that it has not sold any of the bitcoin, according to CoinDesk. The movement of such a large amount of bitcoin raises questions about the country's cryptocurrency strategy and the potential impact on the market.