Bhutan Government Stakes 320 ETH With Figment — A Strategic Move in Crypto Adoption

The Royal Government of Bhutan has made a notable on-chain move by staking 320 Ethereum (ETH) — worth roughly $970,000 — through Figment, an institutional-grade staking provider that supports large participants in securing proof-of-stake networks.

What happened: Bhutan transferred 320 ETH to Figment for staking, marking a significant step in the country’s ongoing crypto engagement and digital infrastructure strategy.

Institutional staking partner: Figment is a leading staking infrastructure provider that helps institutional clients like governments and asset managers stake and earn rewards while contributing to network security.

Why it matters: This is one of the first times a sovereign government has made a public Ethereum staking commitment at this scale — potentially positioning Bhutan as an early adopter among national actors leveraging digital assets not only for reserves but also for active participation in blockchain networks.

Strategic context:

The move aligns with Bhutan’s broader plan to integrate blockchain into national systems — including the migration of its digital identity platform to Ethereum, scheduled to complete by early 2026.

By staking ETH, the government earns staking rewards while also contributing to Ethereum’s security and decentralization — factors that matter for proof-of-stake blockchain health.

Bhutan has previously been active in crypto, including holding and mining Bitcoin, and this ETH staking adds a layer of institutional engagement to its digital asset strategy.

Bottom line: Bhutan’s decision to stake 320 ETH with Figment reflects an evolving view of crypto from speculative asset to strategic sovereign infrastructure, helping bridge blockchain technology with public governance and financial strategy.