Bhutan’s Druk Holdings holds 12,062 BTC valued at $1.27 billion, making Bitcoin 99% of its crypto portfolio.
U.S. political shifts have reignited debate on national Bitcoin reserves, boosting attention on Bhutan’s holdings.
Unverified reports suggest ongoing sovereign accumulation, with Bhutan standing out as a confirmed on-chain holder.
The Royal Government of Bhutan has recently drawn renewed attention after being identified as a significant Bitcoin holder. According to new blockchain data, Bhutan’s state-owned entity, Druk Holdings, currently holds 12,062 BTC. With BTC trading at $105,492, the country’s BTC holdings are now valued at $1.27 billion.
https://twitter.com/CryptooIndia/status/1931371064627728588 Bhutan’s Strategic Bitcoin Accumulation
Bhutan began accumulating Bitcoin several years ago through mining operations, positioning itself ahead of broader global trends. The holdings represent nearly the entirety of Bhutan’s disclosed crypto portfolio. Other assets include 656 ETH valued at $1.65 million, and smaller holdings in tokens such as PHIL, LNQ, APU, KIBSHI, AIKEK, and BOBO. However, Bitcoin remains dominant, accounting for over 99% of the portfolio’s total $1.27 billion value.
Donald Trump reignited conversations regarding the possible formation of a United States Bitcoin reserve. Supporters of the plan reference Trump’s previously stated stance in favor of digital assets and deregulation. Proposed legislation to authorize a U.S. Bitcoin stockpile has started further fuelling the Bhutan Bitcoin holding boost.
Trump also stated publicly that he would not allow the U.S. to sell any Bitcoin it currently holds. These remarks have increased interest in the idea of national Bitcoin reserves and may influence future financial policy in the U.S.
Bhutan’s Role in a Changing Global Landscape
Bhutan's sizable Bitcoin holdings have positioned it at the center of this broader conversation. While the kingdom did not initiate the global movement toward national Bitcoin reserves, its strategic actions place it as a case study in early adoption.
The country's actions may serve as a reference point for emerging economies exploring diversification beyond traditional financial instruments. Bhutan's approach appears rooted in long-term accumulation, primarily through Bitcoin mining rather than market purchases.
Rising Speculation Around Sovereign Adoption
The debate around which country may first formalize a Bitcoin reserve continues. Dennis Porter, CEO of the Satoshi Act Fund, asked followers to “guess” which nation might lead the way. Unverified reports claim an unknown buyer has been acquiring 100 BTC daily, though the buyer’s identity remains undisclosed.
Julian Fahrer, CEO of Apollo, released a list of sovereign wealth funds potentially capable of integrating Bitcoin. These include the UAE, China, and Norway. Rumors have also circulated around Qatar and the UAE, though none have confirmed official acquisition plans. As global interest in sovereign Bitcoin reserves rises, Bhutan remains among the few governments with clear, on-chain holdings exceeding $1 billion.
