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Bhutan cuts Bitcoin reserves by 70%, selling $233M in 2026 amid mining shutdown signs.

Market News
11 Apr 2026
Blockonomi
View Source
Bearish
pluang ai news

Bhutan has sold about 70% of its Bitcoin holdings, reducing reserves from 13,000 BTC to roughly 3,774 BTC, worth $272.5 million, since October 2024. In 2026 alone, the kingdom transferred over $233 million in Bitcoin, signaling a major divestment. This move follows signs that Bhutan's hydroelectric-powered Bitcoin mining program has largely ceased, likely due to reduced mining profitability and better returns from selling surplus electricity to India. Bhutan stands out as the only sovereign state actively reducing its Bitcoin portfolio while other institutional investors continue accumulating.

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