不丹的比特幣財政部在去年下降了46％

根據區塊鏈數據聚合器Arkham Intelligence的說法，不丹比特幣持有量的急劇下降可以追溯到國家。

According to blockchain data aggregator Arkham Intelligence, a steep fall in Bhutan’s Bitcoin holdings can be traced to the nation. Market analyst Pledditor tweeted that the Himalayan nation may have cut its treasury by 46 percent over the last year. This estimate relies completely upon the unverified fact of Arkham’s wallet tagging and limited disclosures.

根據區塊鏈數據聚合器Arkham Intelligence的說法，不丹比特幣持有量的急劇下降可以追溯到國家。市場分析師Pledditor在推特上說，喜馬拉雅國家可能在去年將其財政部削減了46％。該估計完全取決於阿卡姆（Arkham）的錢包標籤和有限的披露的未經證實的事實。

Bhutan was first identified as one of the wallets marked for seizure by Arkham after the country was listed in bankruptcy filings for both BlockFi and Celsius. Through the exposure, there were certain wallet addresses that Arkham now tracks, some of which these labels are questionable. These figures are speculative as Bhutanese authorities have not received official confirmation.

在該國在Blockfi和Celsius的破產文件中列出了該國，不丹首先被確定為Arkham扣押的錢包之一。通過曝光，Arkham現在有一些錢包地址，其中一些標籤值得懷疑。這些數字是投機性的，因為不丹當局尚未收到官方確認。

Longtime crypto advocate Yves Bennaïm, founder of 2B4CH, also criticized the on-chain assumptions. Bhutan has been conducting large Bitcoin mining since 2019, he noted. Bennaïm, however, cautioned that dropping tracked wallet numbers doesn’t mean national reserves are running dry when mining infrastructure is still expanding.

2B4CH的創始人YvesBennaïm的長期加密倡導者也批評了鏈上的假設。他指出，自2019年以來，不丹一直在進行大型比特幣採礦。但是，貝納姆（Bennaïm）警告說，掉落的錢包數字並不意味著當採礦基礎設施仍在擴大時，國家儲量正在乾燥。

He likened Bhutan’s count of visible addresses to those of major miners such as Marathon or Riot, adding that most operations don’t share such wallet-level data. Bennaïm also pointed to Bhutan’s energy strategy, which directs surplus hydroelectric-derived summer power into mining Bitcoin and liquidating it to cover winter energy imports from India.

他將不丹的可見地址計數比作馬拉鬆或騷亂等主要礦工的地址，並補充說，大多數業務沒有共享此類錢包級別的數據。 Bennaïm還指出了不丹的能源戰略，該戰略將剩餘水力發電衍生的夏季力量引導到採礦比特幣，並清算其以覆蓋從印度進口的冬季能源。

As the blockchain sleuths debate the numbers, worries are mounting over the opacity with which Bhutan manages its crypto. According to Pledditor, since Bitcoin is now a large source of income for governments, more transparency about the numbers is required.

當區塊鏈偵探辯論數字時，不丹管理其加密貨幣的不透明性越來越擔心。根據Pledditor的說法，由於比特幣現在是政府的大量收入來源，因此需要對數字進行更多的透明度。

With outside observers relying on fragmented data and bankruptcy fallout, they have no official wallet disclosures or mining revenue statements. Arkham’s critics even agree that Bhutan’s use of Bitcoin is worthy of public accountability. If Bitcoin remains a significant national asset, the lack of financial clarity could become a policy risk.

由於外部觀察者依靠零散的數據和破產後果，他們沒有正式的錢包披露或採礦收入報表。阿卡姆（Arkham）的批評者甚至同意，不丹對比特幣的使用值得公開責任。如果比特幣仍然是一項重要的國家資產，那麼缺乏財務明確性可能會成為政策風險。