Bhutan Reduces Bitcoin Reserve by 70% Amid Mining Revenue Collapse
LH
Lyra Harrington
crypto IRS ruling · Apr 12, 2026
Source: The Digital Ledger Data Terminal
Bhutan's Bitcoin holdings have decreased by 70% since October 2024. The sovereign wealth fund has moved $216 million worth of the asset since the start of the year, including $12 million in the past 24 hours. The state-controlled wallets now contain 3,774 Bitcoin, worth approximately $270 million, down from 13,000 Bitcoin held at the end of 2024.
This divestment follows a collapse in mining revenue. Bhutan has not recorded mining inflows exceeding $100,000 for over a year. These hydropower-backed mining operations, managed by Druk Holding and Investments, have slowed or halted.
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