Gate News Report, March 10 — According to Arkham data, around 19:56 Beijing time on March 9, the Bhutan government transferred 175 Bitcoin, worth approximately $11.85 million. This is the latest move following last month’s transfer of $6.8 million, bringing the country’s total Bitcoin transfers since 2026 to about $42.5 million. The Bhutan government currently holds approximately 5,400 Bitcoin, valued at around $374 million, managed by the sovereign wealth fund Druk Holding & Investments. Arkham notes that Bhutan regularly sells Bitcoin in amounts ranging from $5 million to $10 million. Compared to the transfer of over $60 million in four days in July last year, the recent transfers are smaller. At that time, Bhutan held over 11,000 Bitcoin, worth $1.4 billion, accounting for more than 40% of the country’s GDP.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
