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4 months ago

Version History

Version 44 months ago

What changed: The story was updated to include the specific total volume of Bitcoin outflows from Bhutan in 2026, reaching 3,247 BTC.

Version 34 months ago

What changed: The story was updated to include market context, noting the transfer coincided with Bitcoin reclaiming $74,000 and testing key resistance levels.

Version 24 months ago

What changed: Added projections suggesting Bhutan's Bitcoin reserves could be completely exhausted by September 2026 based on the current selling pace.

Version 14 months ago

What changed: Updated the transaction date from April 13 to April 15, 2026, and added the specific execution timestamp.

CryptoUpdated×4•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

Bhutan Government Transfers 250 BTC as Sovereign Holdings Drop 73% From Peak

Key Facts

1The Bhutanese government transferred 250 BTC worth approximately $18.46 million to a new wallet on April 13.

2Total outflows from Bhutan's holdings in 2026 have surpassed $240 million.

3Bhutan's known holdings have decreased by 73% since their peak in October 2024.

The Royal Government of Bhutan transferred 250 BTC, valued at approximately $18.46 million, on April 15, 2026, as Bitcoin reclaimed the $74,000 price level. This latest movement brings the total volume of Bitcoin outflows from Bhutan’s sovereign holdings to 3,247 BTC for the year 2026. The transaction, tracked by Arkham Intelligence, marks a 73% decline in reserves from their peak, with total liquidation value exceeding $240 million this year. Current projections suggest that Bhutan's reserves could be completely exhausted by September 2026 if the current liquidation velocity persists. Analysts note that the timing suggests a strategic reduction of assets during periods of price strength. Investors continue to monitor these sovereign wallet movements for their potential influence on the BTC/USD trajectory during this critical technical phase.

Sources:

crypto-economy.com

theblock.co