BlockBeats News, March 26 — According to Decrypt, the Kingdom of Bhutan transferred 519.707 Bitcoin (approximately $36.75 million) to external addresses again on Wednesday, continuing its trend of Bitcoin reduction since 2026. On-chain data shows that the Bhutanese royal government currently holds 4,453 Bitcoin, with a market value of about $315 million, down 66% from the peak of nearly 13,000 Bitcoin at the end of 2024. The total outflow since the beginning of the year has exceeded $150 million.
Bhutan’s selling scale is accelerating, with transfers in January and February ranging from $5 million to $15 million each time, and in March increasing to $35 million to $45 million per transfer. The Wednesday transfers match the deposit pattern of trading platforms, but the specific destination has not yet been confirmed.
Unlike most countries that accumulate Bitcoin through purchases, Bhutan’s holdings come from its mining operations supported by abundant hydropower resources. In December 2025, Bhutan pledged to use up to 10,000 Bitcoin for the development of the Gelephu Mindfulness City project in the southern economic zone. This sovereign sale is one of the largest government Bitcoin reductions on record, exerting ongoing selling pressure on the market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
