Bhutan Moves Another 100.44 BTC as 2026 Outflows Hit $230M
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On May 12, 2026 the Bhutan government moved 100.44 BTC (about $8.2M), taking 2026 Bitcoin outflows above $230M. Bhutan’s holdings have fallen from nearly 13,000 BTC in 2024 to about 3,119 BTC (roughly $252M) as it sells hydropower-mined BTC to fund national projects, a sign of crypto adoption as a reserve asset that may nonetheless exert selling pressure on markets.
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- Bhutan has moved another 100.44 BTC from Druk Holding and Investments wallets as 2026 outflows hit $230M.
- The Bhutan government has been selling BTC mined via low-cost hydropower since 2019 to fund national projects.
- Bhutan still holds 3,119 BTC; continued sales may boost state liquidity as BTC gains status as a reserve asset.
On May 12, 2026, the Bhutanese government transferred another 100.44 BTC, worth $8.2 million, from Druk Holding and Investments’ wallets to an unlabeled address. The move pushed the kingdom’s total Bitcoin outflows for 2026 above $230 million. Bhutan’s holdings have fallen sharply from a 2024 peak of nearly 13,000 BTC to about 3,119 BTC, now valued at roughly $252 million.
Bhutan Government Moves Another 100.44 BTC Worth 8.2M
According to on-chain data from Arkham Intelligence, the Royal Government of Bhutan has transferred another 1…
Read The Full Article Bhutan Moves Another 100.44 BTC as 2026 Outflows Hit $230M On Coin Edition.
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