Bhutan Liquidates 70% of Bitcoin Portfolio Over 18 Months Amid Mining Slowdown
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The Kingdom of Bhutan has sold approximately 70% of its Bitcoin holdings over the past 18 months, with current reserves standing at around 3,774 BTC. The country's Bitcoin mining program, which was powered by hydroelectric energy, appears to have slowed down or ceased operations due to reduced profitability.
Bhutan has liquidated a significant portion of its Bitcoin portfolio. The country's Bitcoin reserves have decreased from 13,000 BTC to 3,774 BTC since October 2024. State-controlled wallets have transferred over $233 million in Bitcoin during 2026. The mining program, which was operated by Druk Holding and Investments, appears to have slowed down or ceased operations. No significant mining inflows have been detected in Bhutan's wallets for over 12 months. The country's decision to sell its Bitcoin holdings contrasts with other major stakeholders, who continue to accumulate the cryptocurrency.
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