Bhutan's state investment arm, Druk Holding and Investments, has sold over $110 million worth of Bitcoin in 2026, cutting its holdings from 13,295 BTC to roughly 4,400 BTC. The largest single move occurred on March 17, when 973 BTC worth $72.3 million was routed through QCP Capital and Binance. Since Bhutan mined at near-zero cost, every sale is pure profit. However, even sovereign holders become forced sellers when fiscal demands arrive.
Bhutan's Bitcoin Hoard Peaked at $1.5 Billion
Bhutan's Bitcoin stack peaked at 13,295 BTC in October 2024, valued at over $1.5 billion. After persistent selling, the current holdings are worth approximately $330 million, a decline of 65%. Arkham Intelligence notes no wallet inflows above $100,000 in over a year, suggesting mining has slowed or stopped. What was once a model for sovereign crypto strategy is now a cautionary example of forced liquidation.
Pepeto Presale: Can a $5,000 Entry Turn Into $753,000?
Amid the downturn of major coins, a new project called Pepeto is drawing attention. The exchange being built on Ethereum includes a contract scanner that automatically checks token safety before funds are committed, flagging hidden ownership controls. The team includes the co-founder of Pepe, and the total supply is 420 trillion. The presale has raised $8 million at a price of $0.000000186. A $5,000 investment buys approximately 26.8 billion tokens. If Pepeto reaches Pepe's all-time high of $0.00002803, the position would be worth $753,000, a 150x return. SolidProof audited the contracts, and a Binance executive is pushing the listing forward. The article claims it is the "best crypto to invest in," but investors should be aware of the high risks.
SOL and ADA: Limited Recovery Potential
Solana trades at $87.33, down 66% from its November 2025 peak near $260. While the SOL ETF leads altcoin inflows and on-chain metrics remain strong, a recovery to $200 would only be roughly 2x from current levels. Cardano (ADA) trades at $0.256, barely moving from late February levels. With no catalyst in sight, investors are shifting to projects with real capital flow. ADA would need to reach $0.80 just to triple, but compared to Pepeto's 150x potential, the appeal diminishes.
Overall, Bhutan's Bitcoin sell-off highlights the vulnerability of sovereign holders, while Pepeto's presale mechanism attracts speculators. SOL and ADA remain pressured by macro conditions and limited upside.