★Bhutan moves a further $23M in Bitcoin as holdings drop by 70%

The Big Market Report Take

Bhutan, the tiny Himalayan kingdom, has continued to offload its Bitcoin holdings, moving another $23 million worth of BTC and reducing its sovereign stash by a substantial 70% since late 2024. This matters because it highlights a potential shift in strategy for a nation that was an early, albeit quiet, adopter of crypto as a reserve asset. For investors, Bhutan's actions could signal a broader trend among smaller nations or even institutional players reassessing their exposure to volatile digital assets, especially if they need to fund domestic projects or diversify away from speculative holdings. The key thing to watch is whether other sovereign entities or large corporate treasuries follow suit, potentially adding selling pressure to the crypto market, or if Bhutan's moves are simply an isolated case of portfolio rebalancing.