Bhutan Moves $60M in Bitcoin to Cobo Wallet

Bhutan transfers $60M worth of Bitcoin to Cobo at $116K per BTC. Nation still holds $1.26B in Bitcoin reserves.

Ava NakamuraAugust 8, 2025 - 9:00 AM

Bhutan Bitcoin transfer to Cobo wallet at $116K average price

Bitcoin News

Bhutan transferred $60M in Bitcoin to a Cobo Hot Wallet.
The move was made at an average price of $116,557 per BTC.
Bhutan retains a massive $1.26 billion in Bitcoin holdings.

Bhutan has confirmed a fresh crypto move—transferring $60 million worth of Bitcoin into a Cobo Hot Wallet. The transaction was executed at an average Bitcoin price of $116,557, signaling that Bhutan continues to be active in managing its digital assets strategically.

This transfer marks the latest major movement by the Himalayan nation, known for its quiet yet substantial involvement in the crypto space.

A Look Back at Bhutan’s Recent Bitcoin Moves

Just last month, from July 10th to 14th, Bhutan sold nearly $59.42 million in Bitcoin, which was transferred to Binance. These back-to-back movements suggest Bhutan is not only holding onto Bitcoin but also capitalizing on market opportunities when they arise.

However, it’s important to note that aside from this recent transaction to Cobo, Bhutan hasn’t moved any additional Bitcoin. This strategy may reflect a long-term belief in Bitcoin’s value, or it could be a sign of preparation for future actions in the market.

CONFIRMED: Bhutan has moved $60M BTC to Cobo.

The Bitcoin was moved to Cobo Hot Wallet at an average price of $116,557. Bhutan last sold Bitcoin from 10th-14th July, when they moved $59.42M BTC to Binance.

Bhutan is still holding $1.26 BILLION BTC and has not moved anything… https://t.co/yNSIdA6Ypk pic.twitter.com/pfmK6TdAfI
— Arkham (@arkham) August 7, 2025

Bhutan’s Billion-Dollar Bitcoin Strategy

Despite the recent $60 million transfer, Bhutan still holds a massive $1.26 billion in Bitcoin. This significant reserve positions the country among the few sovereign entities with deep investments in crypto.

Bhutan’s Bitcoin strategy remains mostly behind closed doors, but these wallet movements give the public a rare glimpse into the nation’s ongoing digital asset management. Whether this is a move to custody the funds securely or a prelude to further trading, the interest in Bhutan’s Bitcoin activity is rising.

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