Bhutan Moves $11M in Bitcoin, Maintaining Steady Sovereign Crypto Sales
Bhutan has cashed out around $11 million worth of Bitcoin from a stash tied to its reserve funds, according to a recent...
Quick overview
- Bhutan has sold approximately $11 million worth of Bitcoin from its reserve funds, following a previous sale of around $7 million.
- The country sells Bitcoin in smaller chunks to avoid market disruption, typically between $5 million to $10 million at a time.
- Bhutan still holds around 5,600 Bitcoins, valued in the hundreds of millions, indicating a strategic approach to managing their crypto assets.
- The nation's Bitcoin accumulation is supported by state-backed mining using renewable hydroelectric energy, reflecting an environmentally conscious strategy.
Bhutan has cashed out around $11 million worth of Bitcoin from a stash tied to its reserve funds, according to a recent report from a company called Arkham Intelligence that looks at blockchain activity. This sale is in line with the way the little country has been looking after its digital treasure up until now
Arkham says that last time Bhutan sold a pretty big chunk of Bitcoin – a month or so ago – they went through QCP Capital, a trading platform that lots of big firms use. They sold around $7 million worth then, and it looks like they’re doing the same sort of thing again now – just slowly drip-feeding their Bitcoin onto the market, rather than dumping it all at once.
Keeping it steady with chunky sales
When you look at what Arkham has got on the record, you see that Bhutan tends to sell their Bitcoin in fairly smaller chunks – $5 million to $10 million at a time. They seemed to really step up the selling during mid to late September last year, but its all been done in a way that hasn’t rocked the boat.
Bhutan just moved another $11 Million of Bitcoin out of its main holding addresses.
The last time they did this was 1 month ago, and they were selling $7 Million of BTC with QCP Capital.
Bhutan periodically sells portions of its Bitcoin in clips of $5-10M, with a particularly… pic.twitter.com/tBuz280bBe
— Arkham (@arkham) March 9, 2026
Some key points about how Bhutan is handling their Bitcoin:
- They’re taking it slow so they don’t cause any market chaos.
- They still seem to have got around 5,600 Bitcoins stashed away in their wallets.
- The total value of those Bitcoins remains in the hundreds of millions.
Its a pretty sensible way of doing things, and its a good sign that they’re balancing out the need to make some money with the long game of building up their Bitcoin stash.
Powering up their crypto stash
The reason Bhutan has got such a big Bitcoin stash to start with is because of some state supported mining that runs on hydroelectric energy. By using renewable power they’ve been able to build up a big stash of Bitcoin without causing much of a problem for the environment.
Arkham says these regular transfers are just part of a bigger picture of a country that’s careful about managing its Bitcoin holdings. And even though they’re selling some of their Bitcoin, Bhutan is still one of the biggest national owners of Bitcoin out there, and that suggests they’re pretty confident it’s going to be a good investment in the long run.
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