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- Bhutan moves millions in Bitcoin as holdings shrink over 70%
- State-linked wallets continue steady outflows amid unclear government intentions
- Bitcoin reserves drop sharply as Bhutan adjusts long-term crypto strategy
Bhutan has been moving substantial quantities of bitcoin as its sovereign assets diminish considerably over time. The recent transfer points to a stable trend of movements that has characterized the way the country copes with managing digital assets in 2026.
Blockchain data shows that Bhutan moved another 250 BTC, valued at about $18 million, to a newly created wallet. This sale is a continuation of a previous sale earlier in the week, confirming a consistent outflow trend of state-linked addresses. At the same time, the total amount of bitcoin moved this year has reached approximately $233.75 million. This number represents further repositioning, instead of solitary action, since there have been transfers between various cases.
In addition, Bhutan still has only an estimated 3,774 BTC, which is worth approximately $272.5 million today. This is a significant decrease over the past levels, which implies long-term exposure changes.
Also Read: Bhutan Moves Millions in Bitcoin Now Again as Hidden Transfers Spark Sale Fears!
Sustained Transfers Signal Strategic Reduction in Bitcoin Holdings
The bitcoin reserves in Bhutan have fallen drastically after soaring to almost 13,000 BTC in October 2024. This is a reduction of more than 70 per cent, and this indicates obviously a long-term movement in holdings, not an impulsive change. Also, the repetitiveness of newly produced wallets implies organised movement of assets. These types of wallets are usually temporary stores before the funds are transferred to exchanges or institutional platforms.
Druk Holding and Investments still run the digital assets of Bhutan, such as its mining business and accumulation plan. The entity has been instrumental in the establishment of the Bitcoin position in the country over the years.
In the meantime, massive withdrawals of government-related wallets increase the anticipation of a possible sales activity. Nevertheless, the government has not given any formal explanation as to the aim of such new movements. At the time of writing, Bitcoin was trading at a price of more than $72,000, a 1.3 per cent increase over the last 24 hours. Regardless of this growth, the asset is still approximately 43% short of its all-time peak in October 2025.
Also Read: Wrapped Ethereum Hits Explosive Growth as Wallet Action 16x in a Day Mega Move.
