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BITCOIN

Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too.

Bhutan has sold about 70% of its bitcoin holdings over the past 18 months, reducing its stash from roughly 13,000 BTC in October 2024 to 3,954 BTC as of April 2026. The kingdom, which mined bitcoin using hydropower through its sovereign wealth fund Druk Holding and Investments, has not recorded significant bitcoin inflows from mining in over a year, suggesting the operation may have ceased. This shift contrasts with most other major holders, who are increasing their bitcoin positions, and is attributed to narrower mining margins following higher network difficulty and a lower block reward.

about 5 hours ago

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GAMING

Hong Kong’s Boyaa Interactive eyes $70M crypto treasury expansion

Boyaa Interactive International, a Hong Kong-based Web3 gaming firm, is seeking shareholder approval to expand its crypto treasury by up to $70 million, adding to its existing $285 million holding that primarily includes Bitcoin and Ether. The company aims to use its idle cash reserves during market downturns to increase its positions and support R&D in its blockchain-based gaming ventures. This move makes Boyaa the 23rd-largest corporate Bitcoin treasury globally and the third-largest in Asia, despite ongoing industry concerns over the sustainability of crypto treasury strategies amid a recent 45% market decline. The expansion follows Boyaa's recent entry into Web3 gaming and its initial Bitcoin purchases to support this transition.

about 3 hours ago

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GAMING