Bhutan’s BTC Bonanza: The Little Kingdom That Could (and Did!) Sell Bitcoin!

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Key Highlights

  • The Royal Government of Bhutan just pulled a fast one and sold 100 BTC – poof, gone!
  • This is the third week in a row they’ve been cashing in their Bitcoin chips. Talk about a hot streak!
  • Clearly, Bhutan’s not panicking, just prioritizing national economic needs. It’s like saying, “We need to pay the electric bill, folks!”
  • Even with this latest sell-off, Bhutan is still flexing its muscles as the seventh-largest holder of BTC. Not too shabby for a tiny nation!

In a dazzling display of financial acrobatics, Bhutan’s government decided to shuffle off 100 BTC, worth about $6.7 million, to a merchant deposit address. That’s right, they’re selling Bitcoin like it’s going out of style-three weeks straight! Who knew they had a side hustle in crypto?

According to the crystal ball from Arkham Intelligence, the BTC was deposited yesterday and currently holds a whopping 5,600 BTC, valued at nearly $372 million. That’s a significant drop from their October 2024 stash of 13,295 BTC. Wouldn’t you love to see their accountant sweat over that one?

Last week, they transferred around $22.4 million worth of Bitcoin to crypto exchanges. I can just picture the finance minister saying, “Who needs a rainy day fund when we have Bitcoin?”

BHUTAN JUST SOLD $6.7 MILLION BTC!

That’s right, folks! Selling Bitcoin like it’s candy on Halloween!

– Arkham (@arkham) February 13, 2026

Bhutan’s unique strategy

Unlike those countries that acquire Bitcoin the old-fashioned way-by seizing it-Bhutan’s been mining since 2019. They’ve racked up profits of about $765 million! And with their low hydroelectric power costs, their production expenses were just a meager $120 million. Seriously, can I get a loan for my electric bill?

With all that green energy powering their mining (no, not that kind of green), Bhutan aimed for a 600MW mining capacity. But then came the April 2024 halving, which doubled costs faster than you can say “oops!” So, they had to sell off $100 million in BTC last September to keep the lights on.

As of now, Bitcoin is trading at $66,452.37, down 0.87% in the last 24 hours. It’s like watching your favorite stock plummet while you scream at the TV!

Why is Bhutan selling BTC?

Don’t start panicking; Bhutan’s not throwing in the towel on Bitcoin. Nope! They’re just strategically cashing in to manage their holdings and convert mined BTC into actual money. It’s like turning your goldfish into sushi-just a little bit of creativity!

The 2024 halving made mining less lucrative for them, so instead of hoarding BTC, Bhutan is playing it smart by monetizing some reserves. They see Bitcoin as a strategic resource-not just a shiny toy for the future.

Electricity costs are a big deal, making up almost 95% of production expenses. And let’s not forget the public sector salary hikes that went up by 50%! Looks like Bhutan is trying to keep its civil servants happy while also building roads and bridges.

Between 2023 and 2024, they reportedly sold about $100 million worth of BTC to boost public sector salaries amid pressures like brain drain and tourism dips. Talk about putting your money where your mouth is!

So, in conclusion, Bhutan isn’t selling because they’re scared; they’re just being savvy with their crypto! They’re finding a balance between stocking up on digital assets and meeting immediate national needs. It’s like a juggling act, and they’ve got the crowd cheering!

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2026-02-13 09:08