Bhutan is cashing in on crypto, again.The tiny Himalayan nation accelerated sales from its crypto treasury and offloaded over 512.84 bitcoin (BTC), worth $59.47 million, in the past four days, according to blockchain tracking platform Lookonchain, as BTC soared to over $123,000.Bhutan still holds 11,411 BTC even after this round of selling, a stack currently valued at over $1.4 billion, per Lookonchain.Unlike Germany — which sold nearly 50,000 BTC it had earlier seized into a rising market last year — Bhutan’s BTC holdings come from its state-backed mining activities and officials tend to sell holdings whenever prices rally.Much of this strategy is executed via Druk Holding & Investments (DHI), the nation’s sovereign wealth fund, which began mining Bitcoin by utilizing the country’s abundant hydropower.As such, the government has committed to clean mining practices and is developing crypto-forward infrastructure projects like Gelephu Mindfulness City in partnership with firms like Bitdeer.Read more: Bhutan Bets on Binance Pay to Power Crypto-Backed Tourism Economy