Bhutan Moves $18 Million in Bitcoin Amid Ongoing Outflows in 2026
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Bhutan has liquidated ~$233.75M of Bitcoin in 2026, moving another 250 BTC (~$18M) and cutting reserves to ~3,774 BTC (≈$272.5M). Holdings are down ~70% from ~13,000 BTC in 2024; sales are being used to fund Gelephu Mindfulness City and national infrastructure as mining slowed after the 2024 halving. Crypto/Bitcoin implication: sovereign liquidation represents sustained sell pressure, highlights reserve management and crypto-to-fiat fundraising risks for market supply and adoption.
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- Bhutan has sold over $233M in Bitcoin in 2026, cutting holdings to 3,774 BTC to fund national development projects.
- A 250 BTC transfer adds to a 70% drop from 13,000 BTC in 2024, as sales support Gelephu Mindfulness City plans.
- With mining slowing after the 2024 halving, Bhutan is liquidating reserves, turning low-cost BTC into cash for infrastructure.
The Royal Government of Bhutan has moved another 250 BTC, worth about $18 million, to a new wallet. This adds to the growing trend of Bitcoin outflows from the country, which has seen a significant decrease in its holdings this year. Bhutan now holds roughly 3,774 BTC, valued at around $272.5 million.
As per the data from Arkham, the Kingdom of Bhutan has moved a total amount of $233.75 million of Bitcoin from its wallets so far this year. In the month of October 2024, the highest ownership of Bhutan in Bitcoin was a…
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