⚡ Bhutan Just Moved Another $18M In $BTC

On April 10, the Royal Government of Bhutan shifted 250 $BTC  (~$18M) to a fresh wallet, per Arkham Intelligence. Not a one-off. Part of a steady 2026 pattern.

Back in Oct 2024, Bhutan sat near 13,000 BTC. Today? About 3,774 BTC (~$272.5M) remain. That’s a 70%+ drawdown in tracked holdings. This year alone, roughly $233.75M worth has moved out of known state-linked addresses.

These assets are managed by Druk Holding and Investments, which built Bhutan’s mining-and-hold strategy. The destination wallet is new. The purpose? Unclear.

Key details:

• 250 BTC moved on April 10

• 2026 outflows ≈ $233.75M

• Holdings now ≈ 3,774 BTC

• Peak ≈ 13,000 BTC (Oct 2024)

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