Bhutan Sells 100 BTC as Bitcoin Exit Continues Now

• Bhutan continues structured Bitcoin sales with 100 BTC moved from state wallets
• Over 9,500 BTC sold so far as hydropower mining era shifts into liquidation phase
• Analysts expect full BTC exit by 2026 as transfers remain steady and controlled

Bhutan continues Bitcoin liquidation as sovereign wallets move additional 100 BTC worth about $7.83 million. Blockchain data from Arkham Intelligence shows the transfer originated from state-linked holdings. The movement extends a multi-year reduction in national crypto reserves built through hydropower mining.

Bhutan Transfers 100 BTC Amid Ongoing Liquidation

Bhutan moved 100 BTC from its sovereign wallets on April 29. The transfer value stood near $7.83 million based on current Bitcoin prices. 

Arkham Intelligence reported that the coins left government-linked wallets as part of an ongoing sell-off strategy.

The latest transfer adds to Bhutan’s growing 2026 Bitcoin sales. On-chain data estimates the kingdom has already sold nearly $206.98 million worth of BTC this year. 

Bhutan is selling Bitcoin.

Bhutan just moved another 100 BTC ($7.83M) out of its holding wallets.

At this rate, they will have sold all of their BTC by October this year. pic.twitter.com/RRUs1He4oS

— Arkham (@arkham) April 29, 2026

At its peak in late 2024, Bhutan reportedly controlled more than 13,000 BTC through state-backed mining operations.

Current wallet balances show holdings have fallen to about 3,421 BTC. This means Bhutan has already sold roughly 9,579 BTC from its previous reserves. Most transfers have ranged between $5 million and $10 million per transaction. 

Analysts say the pattern reflects steady treasury management instead of panic selling.

Arkham stated that Bhutan could fully exit its Bitcoin position by October 2026 if current outflows continue. Market observers continue tracking the sovereign wallets closely due to the scale of previous holdings.

Hydropower Mining Legacy Shifts to Asset Sales

Bhutan started accumulating Bitcoin around 2019 using excess hydropower energy. Druk Holding and Investments led mining operations backed by renewable electricity infrastructure. 

The strategy allowed the country to build one of the world’s largest sovereign Bitcoin reserves without major energy costs.

Recent blockchain activity suggests mining production has largely stopped. Analysts noted there have been no major mining inflows linked to Bhutanese wallets for more than a year. 

Attention has now shifted toward asset liquidation and profit realization.

On-chain estimates place Bhutan’s realized profits between $754 million and $758 million. Since mining relied on surplus hydropower, production costs remained relatively low. 

This allowed the country to secure substantial returns during Bitcoin’s long-term price growth.

Despite repeated sales, the transfers have not caused major market disruption. Many transactions pass through intermediary wallets and OTC platforms before reaching exchanges. This approach reduces direct pressure on spot markets.

Bhutan has not released an official statement explaining its long-term crypto strategy. 

However, analysts believe proceeds may support national development and infrastructure funding. The country’s gradual Bitcoin exit remains one of the most closely watched sovereign crypto movements in the market today.