Bhutan Treasury Repositions Bitcoin Reserves, Shifting 973 BTC (~$72M) in Coordinated Wallet Transfers

The Royal Government of Bhutan moved 973 BTC—about $72 million—in a series of blockchain transfers, according to multiple crypto outlets and on-chain tracking data ^{[1] [2] [3]}.

Reports tie the activity to sovereign treasury management and describe the transfers as part of a broader repositioning of national bitcoin reserves; some outlets note that Bhutan’s cumulative outflows in 2026 have now exceeded roughly $110 million and that recent on-chain patterns show reduced mining inflows into the country’s wallets ^{[4] [2] [1]}.

Blockchain trackers flagged coordinated movements across multiple wallets within a short timeframe, and the transfers were widely covered by crypto media and community trackers ^{[3] [1]}.

Observers say they will continue monitoring on-chain activity for further treasury movements by Bhutan’s sovereign funds and related wallet activity ^{[4] [1]}.