Bhutan Sells 2,584 BTC ($248M) to Fund Mining & Public Services – Still a Top Bitcoin Nation**
The Kingdom of Bhutan, often called the world’s happiest country, has made a major Bitcoin move. Over the past 40 days, its sovereign investment arm, Druk Holding & Investments (DHI), sold **2,584 BTC** (worth ~$248M), reducing its holdings from **10,070 BTC to 7,486 BTC**. Despite the sell-off, Bhutan remains one of the largest national BTC holders—behind only the US, UK, and North Korea.
Why the Sale?
- *Expanding Bitcoin Mining Operations** – Bhutan is reinvesting in sustainable, hydro-powered mining facilities.
- **Funding Public Services** – Proceeds will support healthcare and civil servant salaries.
Bhutan’s Bitcoin Strategy
The Himalayan kingdom has been quietly accumulating $BTC for years, leveraging its abundant renewable energy for mining. Even after this sale, its *remaining 7,486 $BTC stash is worth ~$720—a strong position as institutional adoption grows.
Will Bhutan keep selling, or is this a temporary move?** With Bitcoin’s price volatility, their next steps could shape the country’s crypto future.
Stay tuned for updates on Bhutan’s Bitcoin reserves and mining expansion!
