--- title: "Bhutan moves nearly $12 million in bitcoin as 2026 outflows pile up" type: "News" locale: "en" url: "https://longbridge.com/en/news/278430253.md" description: "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." datetime: "2026-03-09T17:43:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278430253.md) - [en](https://longbridge.com/en/news/278430253.md) - [zh-HK](https://longbridge.com/zh-HK/news/278430253.md) --- # Bhutan moves nearly $12 million in bitcoin as 2026 outflows pile up The Royal Government of Bhutan’s bitcoin transfers for the year surpassed $40 million on Monday after the country moved 175 BTC, according to Arkham data. The latest transfer, worth about $11.85 million, follows a $6.8 million BTC move last month. Bhutan has now shifted roughly $42.5 million worth of bitcoin so far in 2026, according to Arkham Intelligence. The Bhutan government currently holds about 5,400 BTC, valued at roughly $374 million. The assets are managed by Druk Holding & Investments, the country’s sovereign wealth fund. "Bhutan periodically sells portions of its Bitcoin in clips of $5 million to $10 million," Arkham said. The recent moves are comparatively much smaller than when Bhutan moved over $60 million in bitcoin last July over the course of four days. After those transfers, Bhutan held over 11,000 BTC, valued at $1.4 billion, worth more than 40% of Bhutan's gross domestic product. Since those July moves, Bitcoin's price has fallen significantly from about $119,000 to trade at around $69,000 on Monday, according to The Block Price Page. Bhutan has primarily built up its bitcoin reserves by mining the cryptocurrency, utilizing its ample hydroelectric power to fuel sustainable mining operations. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. ### Related Stocks - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [ABTC.US](https://longbridge.com/en/quote/ABTC.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [WGMI.US](https://longbridge.com/en/quote/WGMI.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [Saylor's Strategy Holdings Top 800,000 Bitcoin After 3rd Biggest Purchase In History](https://longbridge.com/en/news/283369032.md) - [Huobi founder Li Lin taps Bitfire to recover $760M in disputed Bitcoin](https://longbridge.com/en/news/283619709.md) - [Key facts: MicroStrategy +34k BTC; ETFs $996M; SEC: Bitcoin Not Security](https://longbridge.com/en/news/283414189.md) - [Eric Trump Moves To Expand American Bitcoin's Hashrate With New Miner Activation](https://longbridge.com/en/news/283710597.md) - [Coinbase Now Lets UK Users Borrow Against Their Bitcoin And Ethereum](https://longbridge.com/en/news/283616763.md)