Bhutan has sold another 102 bitcoins, valued at nearly $8 million, as part of a continued divestment strategy that has seen over $206 million in Bitcoin sold this year. The country's Bitcoin reserves now stand at approximately $265 million. This ongoing reduction in holdings is drawing attention, especially as Bhutan's mining activity slows and capital inflows stagnate, indicating a broader strategic shift. The slowdown in mining, once a key method for Bhutan to accumulate Bitcoin, is attributed to increased network difficulty and changing market conditions. These factors, combined with the potential for profit-taking or risk reduction amid market volatility, suggest Bhutan is adjusting its approach to Bitcoin. If the current pace of sales continues, Bhutan's Bitcoin reserves could be significantly depleted by the end of the year, marking a notable shift from accumulation to divestment.