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Bhutan has offloaded another $22 million in Bitcoin mined through its state-owned mining venture, with the sale coming amid crypto price declines and challenging mining conditions.
Data from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin (BTC) worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth $8.3 million last Friday.
The $22.3 million worth of transfers were sent to crypto market maker QCP Capital, Arkham said. Transferring…
