Bhutan Moves $18 Million Bitcoin, Holdings Shrink

The Royal Government of Bhutan has transferred an additional 250 BTC, valued at approximately $18 million, to a new wallet. This move continues a trend of outflows from state-linked cryptocurrency holdings throughout the year. According to Arkham data, Bhutan's total Bitcoin holdings have now decreased to around 3,774 BTC, a significant reduction from its peak of nearly 13,000 BTC in October 2024. This drawdown represents over a 70% decrease in its tracked Bitcoin reserves.