After the Kingdom of Bhutan’s BTC reserve peaked in October 2024, when it held more than 13,000 coins, it has been pared to just 4,400 Bitcoin.
The Kingdom of Bhutan has transferred over $72.3 million in Bitcoin (BTC) from its wallets over the last 24 hours, as it continues to sell portions of its holdings.
Druk Holding and Investments (DHI), a state-owned investment company that manages the country’s Bitcoin mining operations and crypto investments, has moved more than 973 BTC over the past 24 hours, in six separate transactions, according to Arkham Intelligence.
DHI also moved more than 175 BTC, valued at $11.8 million, on March 10. “Bhutan periodically sells portions of its Bitcoin in clips of $5 million to $10 million, with a particularly heavy period of selling around mid-late September 2025,” Arkham said.
