Bhutan moves $11.85M in Bitcoin from its main government wallet
Bhutan moved about $11M in Bitcoin from its main government wallet. Arkham tracks these transfers as part of steady, batch sales.
The shift was flagged on Monday by Arkham’s team. See the transaction pattern and context in their post on X.
Bhutan typically sells in $5–10M clips. The last move a month earlier preceded a $7M sale with QCP Capital, per Arkham.
The stash came from state-backed mining, not exchange buys. Over several years Bhutan produced roughly 13,000 BTC, according to Arkham.
All digital assets are managed by Druk Holding and Investments. Arkham’s entity page shows current holdings around 5,400 BTC, plus smaller amounts of Ether and other tokens via Arkham Intel.
Headline: Bhutan moved ~$11M in BTC from state wallet; Arkham points to ongoing $5–10M batch sales
