The Royal Government of Bhutan has transferred 250 Bitcoin, valued at approximately $18.46 million, to a newly created wallet. This movement is part of a broader trend that has seen the nation’s Bitcoin reserves decline by over 70% since their October 2024 peak, with about 3,247 BTC, worth around $240.4 million, being moved in 2026 alone.
The Royal Government of Bhutan moved 250 Bitcoin, worth roughly $18.46 million, to a newly created wallet according to data from Arkham Intelligence. This transaction adds to a pattern of significant outflows from the nation’s cryptocurrency holdings.
Following its peak in October 2024, Bhutan’s public Bitcoin stock has fallen by more than 70%. The specific purpose of this latest transfer remains unclear, though past movements have been linked to addresses associated with Galaxy Digital and OKX.
In 2026 alone, wallets linked to Bhutan’s government have transferred approximately 3,247 BTC, valued at around $240.4 million based on current rates. Following the latest activity, the associated wallets still hold roughly 3,524 BTC, worth about $260.9 million, and 30.15 ETH valued near $70,160.
Bitcoin mining in Bhutan has historically been sustained by the country’s abundant hydropower resources. Blockchain records show no government-owned wallets have received deposits exceeding $100,000 for over a year.
At the time of writing, Bitcoin is trading at $74,182 with a 24-hour trading volume of $58.74 billion. The cryptocurrency has dropped about 1.27% over the past day according to CoinMarketCap.
