Bhutan
Articles
Bhutan Sells Off 71% of Its Sovereign Bitcoin Reserve in 18 Months
Bhutan's sovereign wealth fund Druk Holding and Investments has liquidated roughly 71% of its Bitcoin holdings since October 2024, reducing the national reserve from ~13,000 BTC to ~3,774 BTC.
Bhutan Moves $45.2M in Bitcoin in Two Days, Ethereum ICO Whales Sell, BTC Holders Accumulate
Bhutan's government transferred 643 BTC worth $45.2M in two days. Meanwhile, early Ethereum ICO participants sold tens of millions in ETH, and large Bitcoin wallets added 61,568 BTC over the past month.
Bhutan Moves 519.7 BTC Worth $37M From Government Reserves
Bhutan's sovereign wealth fund transferred 519.7 BTC worth $37 million to addresses linked to QCP Capital, reducing its reserves to 4,453 BTC amid over $120 million in March outflows.
Bhutan's Sovereign Fund Moves $72M in Bitcoin in 24 Hours
Druk Holding and Investments transferred 973 BTC worth approximately $72.32M to external addresses on March 17–18. Bhutan has sold over $110M in Bitcoin since the start of 2026.
BitMine Moves $19.5M in ETH to Coinbase Prime as Bhutan Continues Bitcoin Sell-Off
Arkham Intelligence tracked major crypto asset movements: BitMine sent 9,600 ETH to Coinbase Prime, while the Kingdom of Bhutan transferred 175 BTC from its main wallets.
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