Bhutan News

Bhutan moved 519 Bitcoin from its state-linked wallet, extending a March drawdown that has cut its sovereign stash far below 2024 levels.

After the Kingdom of Bhutan's BTC reserve peaked in October 2024, when it held more than 13,000 coins, it has been pared to just 4,400 Bitcoin.

Bhutan has accumulated around 13,000 Bitcoin since launching state-backed mining operations in 2019, primarily fueled by hydroelectric energy.

The blockchain analytics company will incorporate locally and hire in the kingdom's Special Administrative Region as the region advances its digital asset strategy.

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Bhutan has slipped to the seventh-largest nation-state Bitcoin holder, with its stash falling from 13,295 BTC in October 2024 to 5,700 BTC.

Bhutan is adding to its growing list of blockchain initiatives. It already runs a Bitcoin mining operation and also launched a self-sovereign ID system powered by Ethereum.

Bhutan is quietly building a low-carbon Bitcoin economy using hydropower, sovereign capital and clear regulatory guardrails.

FDIC reveals a path for bank-issued stablecoins under the GENIUS Act as corporate BTC treasuries expand, Anchorage buys Securitize’s RIA arm and Bhutan taps reserves.

It’s estimated that Bhutan has around 11,286 Bitcoin in total, a stash worth over $986 million, making it the fifth-largest known holder among countries.

Bhutan signs an MoU with Cumberland DRW to support Bitcoin reserve management and explore stablecoins, mining and AI compute in Gelephu Mindfulness City.

The Himalayan Kingdom mines Bitcoin, holds digital asset reserves and has embraced blockchain technology to modernize its financial system.

The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin.

Analysts are warning of a potential investor “recalibration” for short-term market volatility, which has historically occurred after US interest rate cuts.

Bhutan’s government has moved $74 million in Bitcoin to Binance over two weeks, possibly cashing in as the asset hits new all-time highs.