Indeed, doesn't make much sense since they can print their own currency the Bhutanese Ngultrum, why would you need to sell the Bitcoin? 

But then I checked their public debt averaged 127% of GDP in the decade to 2022 in Bhutan, so not much room to go, I don't see a problem with them dumping to prop up their fiat, just means governments have less Bitcoin and people get more, distribute the coins!!