Bhutan — sovereign Bitcoin

Bhutan holds 3,654 BTC ($233,454,060) · status Divested · tier 3. As of 2026-04-30.

Holdings

3,654 BTC

USD value

$233,454,060

% of supply

0.018%

Tier

T3

Framework

Holdings derived from state-operated Bitcoin mining via hydroelectric capacity. Held by Druk Holding & Investments. Materially reduced from ~13,000 BTC peak in 2024–2025 to current level by April 2026.

Notes

Bhutan's path is energy-monetization, not strategic-reserve. Often miscategorized; tracked here as a counter-example for any state considering reserves.

Status history

1. 2026-04-30 → present
   Divested
2. 2024-01-01 → 2026-04-30
   Strategic reserve
   Reclassified as 'divested' after large net sales in early 2026.

Events

1. 2026-04-30
   Bhutan holdings reduced from ~13,000 to ~3,654 BTC through 2025–2026 sales

Sources

• Bhutan quietly moves $42M in Bitcoin in 2026 — Cryptopolitan (secondary)

as of 2026-04-30

Observable government Bitcoin holdings, primary-source cited and dated. Figures are point-in-time and can change. Information, not financial advice. How this is compiled: methodology. Machine-readable: coinbucha.com/sovereigns.json.