Bhutan Sells $59M Worth of Bitcoin During Rally, Still Sits on $1.4B Crypto Hoard
Bhutan is capitalizing on bitcoin’s latest surge, selling off millions in crypto while keeping a sizeable reserve intact.
Over the last four days, the Himalayan kingdom liquidated 512.84 BTC, bringing in about $59.47 million, blockchain analytics firm Lookonchain reports. The sales occurred as bitcoin crossed $123,000, riding a wave of strong market momentum. Even after these sales, Bhutan retains a significant holding of 11,411 BTC, currently valued at over $1.4 billion.
“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 offloading bitcoin seized from criminal activities—Bhutan’s bitcoin originates from government-run mining operations. The nation taps into its abundant hydroelectric resources to mine bitcoin sustainably, turning its natural energy surplus into digital wealth.
Oversight of these operations falls to Druk Holding & Investments (DHI), Bhutan’s sovereign wealth fund. DHI is also behind ambitious projects like Gelephu Mindfulness City, a futuristic urban development built in collaboration with companies such as Bitdeer.
By selling into price highs while maintaining a large reserve, Bhutan demonstrates a strategic approach to managing its bitcoin holdings—leveraging crypto profits to help drive broader national development goals.
