it honestly feels like a smart move given the current market conditions. they've probably made a solid profit and would definitely make sense if they're looking to fund a government projects
Yeah, they sold ~ 406 BTC and reports have it that they hold ~ 13,000 BTC, so despite this sale, they still have a lot of coins in their reserves. It is a good move for them if they put the realized profits to good use. When BTC was created, who would have believed that many years down the line, countries would be realizing BTC profits and using it to fund government projects, just goes to show the growth of the network.
For now, it's only small countries that benefit from such cases.
In the future - more to come, and more adoption of BTC is coming, in my opinion.
Its credibility is unmatched and will remain as such.