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56 sats \ 2 replies \ @OriginalSize 30 Mar \ on: Bhutan Cuts Bitcoin Reserves by 60% news bitcoin bitcoin_Mining
Dorjilung Project (2026): Bhutan's largest PPP hydropower project received an $815 million financing package from the World Bank Group involving IDA, IBRD, and IFC.

Good for them on the development debt. But why sell so much BTC?

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134 sats \ 1 reply \ @unboiled 31 Mar
Good for them on the development debt. But why sell so much BTC?

Apart from interest on loans, "development debt" from the IMF or World Bank come with other strings attached such as "Structural Adjustment Programs," aka. prescribed consultation to change your economy.

Usually, they'd have to agree to resource extraction contracts, extracting and exporting more and at favorable conditions for the nominated (by the bank) counterparts.

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6 sats \ 0 replies \ @OriginalSize 31 Mar

I doubt it's so simple. I just imagine it's a far from perfect market. So then I wonder where are the imperfections.

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