The Royal Government of Bhutan has moved another 250 BTC, worth about $18 million, to a newly created wallet, extending a run of outflows from state-linked addresses this year and following a similar transfer reported earlier this week.
Data tracked by Arkham shows Bhutan has now moved roughly $233.75 million worth of bitcoin out of its known holding addresses in 2026.
The country’s remaining holdings have fallen to around 3,774 BTC, valued at approximately $272.5 million at current prices.
At its peak in October 2024, Bhutan held close to 13,000 BTC, which puts the scale of the drawdown at over 70%, as The Block previously reported.
The purpose of the latest transfer is not immediately clear.
Bhutan’s bitcoin assets are managed by Druk Holding and Investments, the country’s sovereign investment arm. Druk has also overseen Bhutan’s mining and accumulation strategy in recent years.
Large movements from government-linked wallets are often associated with potential asset sales, though no official confirmation has been provided. The Block has reached out to Druk Holding and Investments for comment.
Bitcoin traded above $72,000 at the time of writing, up more than 1.3% over the past 24 hours, per The Block’s BTC price page. The asset remains about 43% below its all-time high near $126,000 reached in October 2025.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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