The Bhutanese government transferred approximately 319.7 bitcoins (worth $22.68 million) to two addresses on Thursday, with 250 bitcoins going to wallets that had previously routed funds to Galaxy Digital and OKX. Bhutan's holdings have decreased from approximately 13,000 bitcoins in October 2024 to 3,954 bitcoins currently, worth about $280.6 million, a 70% reduction in 18 months. So far this year, $215.7 million worth of bitcoins have been transferred out of Bhutan's holdings. Furthermore, mining pools in the country have not recorded more than $100,000 in bitcoin inflows for over a year, suggesting that its hydroelectric-powered bitcoin mining operations may have slowed or ceased.