Bhutan trims Bitcoin reserves as BTC transfers top $40M in 2026

Bhutan has quietly reduced its bitcoin holdings in recent months, with government-linked transfers exceeding $40 million so far this year, according to blockchain analytics data. The sales come as the Himalayan nation continues to manage one of the world's most unusual sovereign crypto reserves, built primarily through state-backed bitcoin mining powered by surplus hydropower. Data from Arkham Intelligence shows that the Royal Government of Bhutan moved 175 BTC BTC - $69685.973 worth approximately $11.85 million late on Monday. The transfer was sent to the same bc1q wallet address that received 184 BTC BTC - $69685.973 worth $14.09 million in February, suggesting a recurring counterparty likely used for over-the-counter (OTC) transactions or treasury management.

Source: invezz.com

Related symbols: BTCUSD

2026-03-10 08:19:01 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $69685.973

Volume 24h: $52,724,076,084.46

Market Cap: $1,393,756,049,478.90

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 20,000,265. The last known price of Bitcoin is 70,996.90439603 USD and is up 4.03 over the last 24 hours. It is currently trading on 12582 active market(s) with $50,631,960,332.45 traded over the last 24 hours. More information can be found at https://bitcoin.org/.