Bhutan transfers $150 million worth of Bitcoin so far this year… holdings down 66% from peak
Summary
- The Bhutanese government reportedly transferred Bitcoin (BTC) worth about $150 million to external addresses so far this year.
- The Bhutanese government also reportedly made an additional transfer of Bitcoin worth $37 million to external addresses the previous day.
- Bhutan’s Bitcoin holdings reportedly fell about 66%, from a peak of around 13,000 to 4,453, as it accelerates Bitcoin sales.
Forecast Trend Report by Period
The Bhutanese government has transferred Bitcoin (BTC) worth $150 million externally so far this year.
According to Decrypt on the 26th (local time), the amount of Bitcoin the Bhutanese government has transferred to external addresses so far this year totaled about $150 million. The Bhutanese government also transferred Bitcoin worth $37 million to external addresses the previous day (the 25th).
Bhutan’s Bitcoin holdings stood at 4,453 as of that day. That is a drop of about 66% from the peak recorded in 2024 (around 13,000). Decrypt reported that “in recent weeks, (Bhutan’s) outbound Bitcoin transfers have increased,” adding that “(Bhutan) is accelerating Bitcoin sales at the national level.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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