Bhutan Moves 800 BTC, Still Holds Nearly $1.15B in Bitcoin
Bhutan transfers 800 BTC worth $92M, while maintaining a strong Bitcoin reserve of nearly 10,000 BTC.
- Bhutan moved 800 BTC worth $92.08 million.
- The government still holds 9,969 BTC valued at $1.15 billion.
- Bhutan remains one of the largest state holders of Bitcoin.
In a surprising yet strategic move, the Royal Government of Bhutan has transferred 800 BTC, equivalent to around $92.08 million, just an hour ago. Despite this large transaction, the government still holds an impressive reserve of 9,969 BTC, currently valued at approximately $1.15 billion.
This transfer continues a pattern of periodic movements by Bhutan’s sovereign wealth fund, Druk Holding and Investments (DHI), which has been actively engaged in crypto holdings and mining for years. These moves often go under the radar but are closely tracked by blockchain analysts and investors alike.
Bhutan’s Growing Crypto Footprint
Bhutan’s involvement in the Bitcoin ecosystem may seem surprising to many, but it’s nothing new. The small Himalayan kingdom has been investing quietly in digital assets since as early as 2019. Over time, its accumulation strategy has turned it into one of the few governments globally with such a significant crypto reserve.
Holding nearly 10,000 BTC places Bhutan alongside top corporate and state-level Bitcoin holders. Its strategy seems to combine long-term holding with occasional profit-taking or redistributive moves.
What’s Next for Bhutan’s Bitcoin Holdings?
While it’s unclear what prompted the recent transfer of 800 BTC, possibilities range from portfolio rebalancing to off-exchange storage or funding domestic initiatives. With crypto markets showing signs of renewed volatility, Bhutan’s decisions will be watched closely by both institutional investors and nation-state observers.
The move also reflects the maturing role of digital assets in sovereign strategies. Bhutan’s continued engagement with Bitcoin signals its intent to remain a key player in the global crypto narrative.
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