Contrasting Estimates
However, another reputable source, Arkham Intelligence, reported a much lower estimate—as of April 9, Bhutan’s Bitcoin stash was only over $600 million, making up about 30% of GDP .
Additionally, earlier data points from 2024 suggest Bhutan held $750 million in BTC (~26–27% of GDP) .
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🔍 Why the Discrepancies?
Timing & Price fluctuations: Bitcoin is highly volatile. Even a month or two can cause big shifts in valuation.
Estimation methods: Arkham’s figures are blockchain-data-based; others may infer holdings from government wallet addresses or unofficial sources.
Undisclosed official data: Bhutan has never formally confirmed exact holdings—it’s all outside assessments.
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✅ In Summary
You’re seeing widely varying public estimates:
Source Valuation % of GDP Date
Foresight/WSJ via Binance $1.3 B ~40% ~June 2025
Arkham Intelligence $600M–$1.1B 30–40% April 2025
Various (2024) $750M ~27% Sep–Apr 2024
So while the $1.3 billion claim is circulating and backed by a major outlet, it’s not a settled fact—other analytics firms peg it much lower. Bitcoin volatility and lack of official transparency mean these numbers aren’t definitive.
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Would you like help tracking the latest Bitcoin price and estimating today’s equivalent in Bhutanese holdings? Or want to compare how Bhutan’s reserves stack up agai
nst other nations? Just say the word!