Bhutan moves 250 BTC as 2026 outflows top $240 million: Arkham data
Bhutan transferred 250 BTC ($18.46 million) and has seen 2026 outflows exceed $240 million, reducing holdings by over 70%.Summary
The Royal Government of Bhutan has transferred 250 BTC, valued at $18.46 million, to a new wallet, according to Arkham data. This move is part of a larger trend of outflows that have significantly reduced the country's known Bitcoin holdings. Since the start of 2026, Bhutanese government-labeled wallets have moved approximately 3,247 BTC, totaling around $240.4 million at current prices. Following the recent transfer, Bhutan's wallets now hold 3,524 BTC, worth $260.9 million, representing a 73% decrease from its peak holdings of nearly 13,000 BTC in October 2024. Bhutan initially accumulated its Bitcoin through mining operations powered by hydroelectricity, with the last significant inflow occurring over a year ago. The purpose of these recent transfers remains unclear, though past movements have been linked to potential sales.
(Source：The Block)