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CryptoMediumUpdated×2•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Bhutan Liquidates 70% of Bitcoin Reserves Amid Strategic Policy Shift

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1The Kingdom of Bhutan has quietly unwound 70% of its Bitcoin reserves over a period of 18 months.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 2about 2 months ago

What changed: Updated to include the transfer of an additional 319 BTC and specify the remaining balance of 3,774 BTC.

Version 1about 2 months ago

What changed: Updated the liquidation timeline to 'since the start of 2024' and added the specific figure of $40 million in sales within a single week.

The Kingdom of Bhutan continues to scale back its digital asset holdings, recently transferring an additional 319 Bitcoin (BTC) worth approximately $22.68 million to a new wallet. These liquidations occurred as Bitcoin traded near the $71,000 price level, suggesting a strategic move to capture gains at market peaks. Latest data shows that Bhutan's tracked Bitcoin holdings have now shrunk to just 3,774 BTC, down significantly from a previous peak of 13,000 BTC. This accelerated unwinding marks a major shift from the nation's earlier sovereign accumulation strategy observed since the start of 2024. The move appears to prioritize immediate liquidity and risk mitigation over long-term holding. Market participants are closely monitoring these large-scale transfers as they underscore the evolving nature of national-level crypto asset management.