Bhutan Moves Another 100.44 BTC as 2026 Outflows Hit $230M
The post Bhutan Moves Another 100.44 BTC as 2026 Outflows Hit $230M appeared on BitcoinEthereumNews.com. Bhutan has moved another 100.44 BTC from Druk Holding and Investments wallets as 2026 outflows hit $230M. The Bhutan government has been selling BTC mined via low-cost hydropower since 2019 to fund national projects. Bhutan still holds 3,119 BTC; continued sales may boost state liquidity as BTC gains status as a reserve asset. On May 12, 2026, the Bhutanese government transferred another 100.44 BTC, worth $8.2 million, from Druk Holding and Investments’ wallets to an unlabeled address. The move pushed the kingdom’s total Bitcoin outflows for 2026 above $230 million. Bhutan’s holdings have fallen sharply from a 2024 peak of nearly 13,000 BTC to about 3,119 BTC, now valued at roughly $252 million. Bhutan Government Moves Another 100.44 BTC Worth 8.2M According to on-chain data from Arkham Intelligence, the Royal Government of Bhutan has transferred another 100.44 BTC, valued at approx