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Bhutan is once again in the spotlight of Bitcoin news. On March 25, 2026, the Royal Government of Bhutan sold 519.7 BTC worth $37.75 million. The transfers came from its main holding addresses, tracked by Arkham Intelligence.
One recipient wallet often interacts with QCP Capital, a Singapore-based OTC trading firm. This suggests the sale was off-exchange to avoid market disruption.
The move fits Bhutan’s ongoing pattern of structured Bitcoin sales in 2026, showing careful treasury management rather than distress.
Bitcoin News: Rising Outflows and Steady Sales
Per the Bitcoin news, Bhutan has stepped up its BTC sales in 2026. Last week alone, the country sold $72.24 million worth of Bitcoin. Of this, $31.95 million was sent to new unmarked addresses, while $1.52 million was sent directly to wallets linked to QCP Capital.
Year-to-date outflows have now crossed $110 million. Most sales are in smaller amounts of $5–10 million. However, larger transfers have become more frequent in recent months. Outbound volumes have risen sharply in the past two weeks.
In February 2026, Bhutan moved $30.7 million, followed by $42.5 million in early March. These steady disposals show a clear and deliberate plan. Analysts say the activity reflects routine treasury management, not distress. The country continues to manage its reserves carefully.
Holdings and Long-Term Plans
Bitcoin news reports that Bhutan’s sovereign wealth fund, Druk Holding and Investments (DHI), now holds about 4,453 BTC. At current prices near $71,000–$72,000, this amounts to $317–$ 330 million.
This marks a sharp drop from the late 2024 peak of more than 13,000 BTC, a reduction of about 65 percent.
No major inflows of $100,000 or more have been recorded in over a year. This has raised questions about whether Bhutan’s large-scale mining operations have slowed. The country was among the first to mine Bitcoin using its cheap hydropower.
Every coin sold represents pure profit because production costs were near zero. The government is using proceeds to fund economic development.
Projects include infrastructure building and diversification beyond hydropower exports. Analysts say this shows a long-term plan rather than short-term trading.
Market Impact of this Bitcoin News and Global Outlook
Arkham data confirms that the Bitcoin transfer news originated from DHI wallets. Funds moved to QCP Capital and other OTC addresses, repeating earlier patterns.
In February, Bhutan also sent Bitcoin directly to a Binance hot wallet. These actions show consistency in how the country manages its reserves.
Sovereign sellers like Bhutan prefer gradual and structured sales to avoid sudden price shocks. Despite the recent outflows, Bitcoin has stayed near its highs, supported by strong institutional demand. Analysts emphasize that Bhutan’s moves are not signs of weakness but careful reserve management.
With more than 4,000 BTC still held, Bhutan remains one of the largest government treasuries worldwide. Its approach is seen as a model of sustainable sovereign crypto stewardship.
