Kingdom of Bhutan Government Moves 738 BTC to New Wallet, Worth ~$45M

News Editor

2026-06-06 03:00:51

Onchain Lens detected that the Bhutanese government transferred 738 BTC to a newly created wallet, worth about $45 million. The purpose of the move remains undisclosed.

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Onchain Lens monitoring shows that the government of the Kingdom of Bhutan transferred 738 BTC to a newly created wallet, valued at approximately $45 million. The on-chain movement was detected by the crypto data platform Onchain Lens.

Bhutan is one of the few sovereign nations publicly known to hold Bitcoin, with its government engaging in cryptocurrency mining and investment through the sovereign wealth fund Druk Holding & Investments. The country has previously leveraged its abundant hydropower resources for Bitcoin mining, building up a sizable crypto reserve. The reason behind this large transfer remains unclear.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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