{"id":95551,"date":"2026-03-25T11:19:11","date_gmt":"2026-03-25T08:19:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95551"},"modified":"2026-03-25T11:20:21","modified_gmt":"2026-03-25T08:20:21","slug":"bhutan-government-transfers-37-million-in-bitcoin-from-reserves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bhutan-government-transfers-37-million-in-bitcoin-from-reserves\/","title":{"rendered":"Bhutan Government Transfers $37 Million in Bitcoin from Reserves"},"content":{"rendered":"

The Bhutanese authorities have transferred 519.7 BTC, valued at $37 million, to two addresses, one of which is associated with the trading firm QCP Capital.<\/p>\n

\"Screenshot
Source: Arkham<\/a>.<\/figcaption><\/figure>\n

Following this transaction, the kingdom’s balance stands at 4453 BTC. The state ranks<\/a> seventh globally in terms of bitcoin reserves. The funds are managed by the state sovereign fund Druk Holding and Investments.<\/p>\n

The purpose of the transfer remains undisclosed. Typically, moving coins to trading firms or exchange addresses suggests preparation for sale. Previously, the fund executed significant transactions: on March 17 and 18, it moved<\/a> bitcoins worth $72 million, and earlier in the month \u2014 around $12 million<\/a>.<\/p>\n

Bhutan accumulated cryptocurrency through mining, leveraging hydroelectric resources. At its peak in October 2024, the country’s reserves reached 13,000 BTC.<\/p>\n

At the time of writing, bitcoin is trading at $71,204, having gained 0.4% over the past day. The asset’s price is 43.5% below its all-time high.<\/p>\n

\"BTCUSDT_2026-03-25_10-42-28\"
Hourly chart BTC\/USDT on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Back in December 2025, Bhutan allocated 10,000 BTC<\/a> for the construction of a “city of mindfulness.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bhutanese authorities have transferred 519.7 BTC, valued at $37 million, to two addresses, one of which is associated with the trading firm QCP Capital.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bhutan transfers 519.7 BTC worth $37 million to two addresses.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1676,1641],"class_list":["post-95551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bhutan","tag-bitcoin-reserves"],"aioseo_notices":[],"amp_enabled":true,"views":"48","promo_type":"1","layout_type":"1","short_excerpt":"Bhutan transfers 519.7 BTC worth $37 million to two addresses.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95551"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95551\/revisions"}],"predecessor-version":[{"id":95552,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95551\/revisions\/95552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}