Bhutan divested
Government Bitcoin holdings
3,654BTC
- Status
- Divested
- Tier
- T3
- USD value
- $288,987,552
- Share of supply
- 0.018%
- As of
- 2026-04-30
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.
Bhutan's path is energy-monetization, not strategic-reserve. Often miscategorized; tracked here as a counter-example for any state considering reserves.
Timeline
- 2026-04-30 → presentDivested
- 2024-01-01 → 2026-04-30Strategic reserve
Reclassified as 'divested' after large net sales in early 2026.
- 2026-04-30Bhutan holdings reduced from ~13,000 to ~3,654 BTC through 2025–2026 sales
Sources
Point-in-time, primary-source cited. Methodology · coinbucha.com/sovereigns.json