Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and trading firms. The country says it has not sold any.
source https://www.coindesk.com/markets/2026/05/16/bhutan-doesn-t-recall-selling-any-bitcoin-disputing-widely-tracked-usd1-billion-btc-drawdown
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