Bhutan Sells $59M in Bitcoin Amid Price Surge, Holds Firm With $1.4B Reserve
Bhutan has once again tapped its bitcoin treasury, cashing out millions while still retaining a hefty crypto reserve.
In the past four days, the Himalayan nation sold 512.84 BTC worth roughly $59.47 million, according to blockchain tracker Lookonchain. The sales coincided with bitcoin’s powerful rally above $123,000. Even after the recent transactions, Bhutan continues to hold around 11,411 BTC, valued at over $1.4 billion based on current market prices.
“The Royal Government of #Bhutan has been accelerating its $BTC sales! In the past 4 days alone, #Bhutan sold 512.84 $BTC ($59.47M)—selling every day. They still hold 11,411 $BTC ($1.4B).”
— Lookonchain (@lookonchain), July 14, 2025
Unlike Germany—which has been liquidating bitcoins seized from criminal activity—Bhutan’s bitcoin reserves are sourced from its state-run mining operations. The country’s abundant hydropower enables it to mine bitcoin using clean energy, giving it a unique edge in the crypto space.
These operations are overseen by Druk Holding & Investments (DHI), Bhutan’s sovereign wealth fund, which is also steering several forward-looking crypto projects. Among them is the planned Gelephu Mindfulness City, envisioned as a blockchain-centric urban hub in partnership with firms like Bitdeer.
Bhutan’s approach highlights how it’s leveraging bitcoin not just as a store of value, but also as a strategic asset to fund national projects and fuel economic growth.
