Bhutan moves nearly $12 million in bitcoin as 2026 outflows pile up

The Block
2026.03.09 17:43
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The Royal Government of Bhutan has transferred nearly $12 million in bitcoin, bringing its total bitcoin transactions for 2026 to over $42 million. The government currently holds about 5,400 BTC, valued at approximately $374 million, managed by its sovereign wealth fund. Bhutan has been selling portions of its bitcoin, with recent transfers significantly smaller than a $60 million move last July. The country has built its bitcoin reserves through sustainable mining operations powered by hydroelectric energy.