Bhutan sells $42.5 Million of BTC in 2026 as national stack drops 58% from peak

Bhutan sells $42.5 Million of BTC in 2026 as national stack drops 58% from peak

The Himalayan kingdom moved another 175 BTC on Monday, continuing a drawdown that has taken its holdings from a peak of roughly 13,000 BTC to under 5,400 in just over a year.

Bhutan Keeps Selling Its Bitcoin, Reserves Sold By Over Half

Bhutan’s state-owned investment arm has steadily sold portions of the country’s Bitcoin reserves, moving about $42.5 million in BTC and USDT so far in 2026 through a small set of recurring counterparties. Data from blockchain analytics firm Arkham Intelligence shows that the Royal Government of Bhutan transferred 175 BTC, valued at $11.85 million, on Monday to an address that had previously received 184 BTC in February.  The February activity in…

Bhutan Moves 175 BTC Worth Over $11 Million, Arkham Data Shows

Bhutan's government has moved 175 BTC worth about $11.85 million (roughly Rs. 98 crore) from its national crypto holdings to a newly created wallet, according to Arkham Intelligence. Blockchain data indicates the receiving address had previously received Bitcoin from government-linked wallets. Analysts say such movements are often linked to internal treasury management or preparations for institutional sales. Bhutan is currently among the larges…

Bhutan trims Bitcoin reserves as BTC transfers top $40M in 2026

Bhutan has quietly reduced its bitcoin holdings in recent months, with government-linked transfers exceeding $40 million so far this year, according to blockchain analytics data. The sales come as the Himalayan nation continues to manage one of the world’s most unusual sovereign crypto reserves, built primarily through state-backed bitcoin mining powered by surplus hydropower. Data from Arkham Intelligence shows that the Royal Government of Bhut…

Bhutan Moves $11.8M in BTC From National Reserves: Arkham

Bhutan’s sovereign investment arm quietly adjusted its Bitcoin reserve on Monday, moving a block of 175 BTC from the kingdom’s primary holding wallet to a newly created address. The transaction, valued at around $11.85 million at the time, arrived as cryptocurrency markets posted modest gains, suggesting tactical reallocation rather than a wholesale shift in policy. blockchain analytics firm Arkham tracked the transfer, noting the destination ad…

Bhutan moves $11M in Bitcoin as Arkham flags fresh sovereign transfer

Bhutan has transferred roughly $11 million worth of Bitcoin from wallets linked to its sovereign holdings, according to blockchain analytics firm Arkham Intelligence. Arkham flagged the movement in a recent post on X, stating that Bhutan moved the funds out…