クリプトドットイン

暗号に強い人材のためのオルタナティブ・リンクトイン

Bhutan Keeps Selling Its Bitcoin, Reserves Sold by Over Half

-

によって

クリプトドットイン
で

Bitcoin Magazine

Bhutan Keeps Selling Its Bitcoin, Reserves Sold by Over Half

Bhutan’s state-owned investment arm has steadily sold portions of the country’s Bitcoin reserves, moving about $42.5 million in BTC and USDT so far in 2026 through a small set of recurring counterparties.

Data from blockchain analytics firm Arkham Intelligence shows that the Royal Government of Bhutan transferred 175 BTC, valued at $11.85 million, on Monday to an address that had previously received 184 BTC in February. 

The February activity included multiple transfers totaling roughly $30.7 million, including two sends to QCP Capital, a trading firm, and a $1.5 million USDT transfer to a Binance hot wallet.

The pattern suggests a planned treasury drawdown and liquidity management strategy rather than panic selling. Bhutan mined much of its Bitcoin using surplus hydropower, giving the government a near-zero cost basis. Every sale, therefore, represents a profit for the state.

Bhutan’s Bitcoin stack peaked around 13,000 BTC in late 2024, after several years of accumulation through state-backed mining operations. 

tSince then, the holdings have fallen to approximately 5,400 BTC, a 58% reduction. 

Dollar value has also dropped due to the decline in Bitcoin prices from roughly $126,000 at the peak to around $69,000 today. Holdings once worth over $1.5 billion are now valued near $374 million.

Druk Holding and Investments (DHI), Bhutan’s sovereign wealth fund, manages the country’s cryptocurrency assets. 

Bhutan is one of the world’s largest bitcoin holders

The fund oversees state-owned enterprises and acts as the principal financial arm of the government. In December, Bhutan pledged up to 10,000 BTC to fund Gelephu Mindfulness City, a special economic zone designed to hold digital assets for its financial reserves.

The transfers have consistently gone to the same counterparties in similar sizes, with no clear correlation to price movements. This pattern points to structured liquidity management rather than reactive selling.

Bhutan ranks as the seventh-largest government Bitcoin holder, behind the first place United States, which holds 328,372 BTC valued at nearly $22 billion. 

Bhutanese Prime Minister Tshering Tobgay has previously noted that Bitcoin proceeds support public services, including healthcare, environmental initiatives, and salaries for public employees. 

Surplus hydropower generated during summer months has enabled the kingdom to continue state-backed mining operations efficiently.

Since the 2024 Bitcoin halving, mining rewards declined to 3.125 BTC, reducing overall profitability and prompting some energy resources to be redirected to high-performance computing. 

This post Bhutan Keeps Selling Its Bitcoin, Reserves Sold by Over Half first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

コメント

コメントを残す

メールアドレスが公開されることはありません。 ※ が付いている欄は必須項目です

最新フィード

人気カテゴリー

ja 日本語
ja 日本語 en_US English ro_RO Română et Eesti ko_KR 한국어 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

ウェブサイトを検索

人気記事

タグ

#AlexeyPertsev (1) #Bidenクリプトバン (1) #Biden選挙 (1) #BinanceVsCoinbase (1) #ビットコイン (425) #BitcoinETF (3) #ビットコイン基礎知識 (1) #ビットコインの取り扱い (1) #Bビットコイン価格 (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #ビットコイン・サージ (1) #Bitcoinトップ (1) #Bitfinex (1) #ビットワイズ (1) #BracebridgeCapital (1) #BRC20トークン (1) #BTC取得 (1) #Bullish予測 (1) #Bullishセンチメント (1) #中国鉱業 (1) #CPプレビュー (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #クリプトマニア (1) #CryptoMarket (4) #CryptoPrediction (1) #Crypto予測 (1) 1TP5トリプトレギュレーション (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty（暗号の不確実性 (1) #Dデリバティブジャンプ (1) #Dogecoin (73) #Dogecoinゲイン (1) #Dogecoinボリューム (1) #ダッチコート (2) #ECコマース (1) #ElSalvadorビットコイン (1) #Ethereum (69) #EthereumPain (1) #EthereumPrice (1) 1TP5専門家の意見 (1) #Fedレートカット (1) #FiatCurrency (1) #フィナンシャル・インパクト (1) #フィナンシャル・プライバシー (1) #Firmシャットダウン (1) #F凍結アカウント (1) 1TP5自己資金 (1) #InflationData (1) 1TP5投資 (1) 1TP5投資損失 (1) #日本ファーム (1) #法的措置 (1) 1TP5法的影響 (1) #法律 (1) #LightningNetwork (1) #市場分析 (3) #Mマーケットモニタリング (1) #M市場予測 (1) #市場予測 (1) #M市場予測 (1) #Mマーケットサポート (1) #マーケットボラティリティ (1) #マリッジ (1) #MemeCoin (5) #Memeコイン (2) #Miner収益性 (1) #マネーロンダリング (2) #MtGox (4) #北朝鮮暗号 (1) #ノボグラッツ予想 (1) #Priceマイルストーン (1) #P価格予測 (2) #Price質問 (1) #プライスサージ (1) #Prisonセンテンス (1) #QuantAnalysis (1) 1TP5規制圧力 (1) #SECアンチクリプト (1) #ShibaInu (5) #SocialBuzz (1) #技術分析 (1) #トンコイン (3) #トルネードキャッシュ (3) #TornadoCashDev (1) #TornadoCashデベロッパー (1) #UKクリプト (1) #Upsideポテンシャル (1) #USCongress（米国議会 (1) #ワイオミングランド (1) #XRP価格 (1) #XRPupswing (1)

お役立ちリンク

私が役に立ち、共有したいと思ったリンク