Updated: 2026-05-25
- Bhutan transferred another 90 BTC worth almost $7 million to a separate address.
- The country’s authorities continue to deny the sale of their Bitcoin-reserves.
Bhutanese authorities have once again transferred 90 bitcoins, valued at nearly $7 million, to the address bc1q-followedArkham analysts noted that the transfer was made not to the usual account used for storing the flagship game, but to a separate account. This usually means that digital assets are being prepared for sale.
Bhutan began accumulating bitcoins in 2019 through mining using surplus cheap hydroelectric power. By the peak in October 2024, reserves reached 13,390 BTC. However, since then, estimated According to EmberCN analytics, the kingdom’s authorities gradually sold 9,180 BTC.
Sales accelerated in 2026, and reserves are now down more than 10,000 BTC from their peaks. If the current pace continues, Bhutan could completely deplete its reserves by September-October 2026, as previously reported. Reported redaction Happy Coin News.
Bhutanese authorities have not publicly confirmed the sale of Bitcoin. Analysts believe the transfers may be related to portfolio management, profit-taking, or the government’s funding needs following Bitcoin’s sharp rise last year.
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