Bhutan's sovereign wealth fund, Druk Holding & Investments (DHI), denied rumors of BTC sales. Ujjwal Deep Dahal, CEO of DHI, explained in an interview with CoinDesk that he "can't even remember the last time BTC was sold." Earlier, Arkham reported that the Bhutanese government appeared to have sold over $200 million worth of BTC since early this year, and at this rate, it could sell all its BTC holdings by October this year.