Bhutan Transfers $12M in Bitcoin, Totaling Over $42M in 2026 While Holding $374M in Crypto Reserves
Bhutan has transferred over $42 million in Bitcoin in 2026, including a recent $12 million transaction involving 175 BTC. The country's total Bitcoin holdings are approximately 5,425 BTC, valued at around $374 million. These transactions are part of a strategic liquidity management approach, rather than panic selling, with the government primarily mining Bitcoin using renewable hydroelectric power. Bhutan's treasury operations reflect a disciplined strategy to manage its digital assets without major market disruption.
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In 2026, Bhutan has moved over $42 million in Bitcoin, with a recent transfer of 175 BTC worth about $12 million. The government's Bitcoin holdings, primarily acquired through state-backed mining, currently total approximately 5,425 BTC, valued at $374 million.
The transfers are executed in small amounts, typically between $5 million and $10 million, indicating a strategic liquidity management approach rather than distress selling. The transactions are routed through QCP Capital, reflecting an established partnership for treasury management. Bhutan's mining operations leverage its abundant hydropower resources, contributing to its status as one of the largest sovereign Bitcoin holders globally.
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