Bhutan Liquidates $59M in Bitcoin as Prices Peak, Maintains $1.4B Reserve Stash

Bhutan Cashes In $59M Bitcoin Windfall, Maintains $1.4B Crypto Stash

Bhutan is riding bitcoin’s latest price boom, selling part of its crypto holdings but keeping a significant fortune intact.

Over the past four days, the Royal Government of Bhutan offloaded 512.84 BTC, netting approximately $59.47 million, according to blockchain analytics firm Lookonchain. The sales came as bitcoin surged past $123,000, marking a new all-time high. Despite this selling spree, Bhutan still holds a hefty 11,411 BTC, currently valued at more than $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

Bhutan’s bitcoin holdings differ from those liquidated by countries like Germany, which sold coins seized from criminal activities. Instead, Bhutan’s stash comes from state-backed mining efforts that leverage the nation’s rich hydropower resources to produce bitcoin sustainably.

These crypto operations fall under the management of Druk Holding & Investments (DHI), Bhutan’s sovereign wealth fund, which is also spearheading projects like the ambitious Gelephu Mindfulness City in partnership with firms such as Bitdeer.

By strategically selling into market highs, Bhutan is not only locking in profits but also cementing its unique role as a crypto-savvy nation, using bitcoin to fund broader economic and development goals.