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Bhutan transfers $7M in Bitcoin, total 2026 moves surpass $237M amid mining and market shifts

Market News
25 May 2026
Blockonomi
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Neutral
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Bhutan has transferred another 90 BTC worth about $7 million to a new SegWit address, bringing total Bitcoin movements from Bhutan-linked wallets to over $237 million in 2026. This activity reflects a significant decline in Druk Holding and Investments’ Bitcoin reserves, dropping by around 10,000 BTC since October 2024. The transfers include movements to wallets linked to major crypto platforms like Galaxy Digital and OKX, raising questions about potential sales or restructuring of Bhutan’s sovereign crypto holdings. Bhutan’s Bitcoin reserves were originally built through hydropower-backed mining, but the 2024 halving and increased competition have pressured mining returns. Druk Holding and Investments has not publicly commented on these recent transfers or the status of its mining operations.

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