Bhutan moves nearly $12 million in bitcoin as 2026 outflows pile up
Bhutan moved approximately $11.85 million in Bitcoin, bringing its 2026 transfers past $40 million.Summary
The Royal Government of Bhutan moved 175 BTC, worth about $11.85 million, bringing its total Bitcoin transfers for 2026 to roughly $42.5 million, according to Arkham data. The country's sovereign wealth fund, Druk Holding & Investments, currently manages about 5,400 BTC, valued near $374 million. Arkham noted that Bhutan periodically sells Bitcoin in chunks ranging from $5 million to $10 million. These recent sales are smaller compared to the over $60 million in Bitcoin the government moved in July of the previous year. Since those July transfers, Bitcoin's price has dropped significantly from about $119,000 to around $69,000. Bhutan has historically built its Bitcoin reserves primarily through cryptocurrency mining, leveraging its abundant hydroelectric power.
(Source：The Block)