Bhutan has sold another 100 BTC, valued at approximately $7.83 million, as part of its ongoing strategy to reduce its sovereign Bitcoin reserves. This move is part of a broader liquidation plan managed by the Royal Government of Bhutan, which has been systematically selling off its Bitcoin holdings accumulated through state-backed hydropower mining. In 2026 alone, Bhutan has sold over $206 million worth of Bitcoin, reflecting a shift towards funding national development projects. At its peak in 2024, Bhutan's Bitcoin reserves exceeded 13,000 BTC, but have since decreased to about 3,421 BTC. The country has sold approximately 9,579 BTC over time, with sales conducted through exchanges, OTCs, and intermediaries. On-chain data indicates that Bhutan's mining operations have ceased, and the liquidation process is expected to be completed by October 2026 if current trends continue. Bhutan's strategy mirrors actions by other market participants, such as Cango and MARA, who have also sold Bitcoin to manage finances.
Bhutan Sells 100 BTC, Continues Strategic Bitcoin Liquidation
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