Bhutan Moves $13 Million Bitcoin to New Wallet, Potentially Signaling Treasury Shift

• Bhutan ranks as the fifth-largest sovereign Bitcoin holder globally, with 6,262 BTC in its portfolio.

• The recent transfer signals potential treasury reshuffling, distinct from prior moves linked to exchanges like Binance.

• Bhutan’s BTC stack has grown 2.5% this week, per Arkham Intelligence data, amid rising institutional interest.

Bhutan Bitcoin transfer: Druk Holdings moves $13M BTC to new wallet, sparking treasury strategy talks. Explore Bhutan’s top-5 holdings and global implications. Stay updated on crypto trends at COINOTAG.

What is the latest Bhutan Bitcoin transfer?

Bhutan Bitcoin transfer activity continues as the Royal Government of Bhutan, through Druk Holdings, moved approximately $13 million in Bitcoin on October 20, 2025. This involved 12.89 BTC across multiple transactions to a new wallet address with a unique structure, according to data from Arkham Intelligence. The action reflects careful oversight of national crypto assets amid market volatility.

How does Bhutan’s Bitcoin management strategy work?

Bhutan’s approach to Bitcoin holdings emphasizes long-term value preservation through mining and strategic accumulation. Druk Holdings and Investments oversees the portfolio, which includes 6,262 BTC valued at about $700 million, plus minor positions in Ethereum, LNQ, and PHIL tokens. Recent data from Arkham Intelligence indicates a 2.5% portfolio growth this week, driven by Bitcoin’s price stability. This strategy positions Bhutan as a proactive player in digital assets, balancing environmental mining practices with economic diversification. Experts note that such transfers often precede operational adjustments rather than outright sales.

Source: X

This latest Bhutan Bitcoin transfer follows patterns from earlier in the year. In August 2025, authorities shifted $59 million in BTC, and in September, another $109 million moved to addresses associated with custodians like Cobo and Binance. Those transactions were later connected to potential liquidity events, though Bhutan has not confirmed any sales. Maintaining transparency in such operations is crucial for investor confidence, as noted by financial analysts tracking sovereign crypto activities.

Bhutan’s commitment to Bitcoin stems from its hydroelectric resources, which power sustainable mining operations. Since initiating BTC mining in 2019, the nation has built a substantial reserve, making it a model for resource-rich countries entering the crypto space. Current holdings represent a diversified treasury asset, shielding against fiat currency risks in a small economy.

Where Bhutan stands among Bitcoin-holding nations

Bhutan holds the fifth-largest sovereign Bitcoin stack globally, trailing powerhouses like the United States and China but surpassing nations such as El Salvador and Finland. Data from Bitbo indicates the U.S. and China each control over 200,000 BTC, with the United Kingdom and Ukraine in third and fourth places. Bhutan’s 6,262 BTC, worth approximately $700 million as of October 2025, underscores its strategic pivot toward digital assets despite its modest GDP.

Source: Bitbo

This ranking highlights a growing trend: smaller economies leveraging Bitcoin for financial sovereignty. Bhutan’s position, achieved through consistent mining yields and targeted acquisitions, demonstrates resilience. Official statistics from the Royal Monetary Authority reinforce that crypto forms a key pillar in national reserves, with no signs of divestment in recent public disclosures.

Frequently Asked Questions

What triggered Bhutan’s recent $13 million Bitcoin transfer?

The transfer of $13 million in Bitcoin by Druk Holdings on October 20, 2025, appears tied to internal treasury management, as per Arkham Intelligence tracking. Unlike prior moves to exchange addresses, this went to a novel wallet structure, possibly for enhanced security or operational efficiency, without indications of immediate liquidation.

Is Bhutan planning to sell its Bitcoin holdings?

No confirmed plans exist for selling Bhutan’s Bitcoin holdings, which remain a core strategic asset. Past transfers in August and September 2025 led to exchange deposits but did not result in full divestitures. Voice search queries on sovereign crypto strategies often reveal Bhutan’s focus on long-term holding and mining expansion for sustained growth.

In the broader context, Binance founder Changpeng Zhao, known as CZ, recently predicted on X that Bitcoin will surpass gold’s market capitalization. He stated, “Prediction: Bitcoin will flip gold. I don’t know exactly when. Might take some time, but it will happen. Save the tweet.” At the time, Bitcoin’s $2.21 trillion market cap placed it eighth among global assets, trailing Amazon but ahead of Meta Platforms. Gold, by comparison, commands $29.67 trillion, per established market data.

Bitcoin and gold’s diverging paths

Bitcoin and gold have long been compared as alternative stores of value, but their paths are diverging. Newhedge data shows their correlation has weakened over the past year. Gold recently surpassed $4,200 per ounce amid geopolitical tensions, while Bitcoin pulled back from $125,000 to around $111,000. Despite this, both attract inflation-hedging investors. Gold proponent Peter Schiff has criticized Bitcoin’s volatility, yet sovereign actions like Bhutan’s signal enduring faith in its potential.

Bhutan’s ongoing Bhutan Bitcoin transfer activities exemplify how nations are navigating this landscape. As institutional adoption rises, Bitcoin challenges traditional safe havens, potentially reshaping global finance.

Key Takeaways

• Bhutan’s $13M BTC Move: Druk Holdings transferred 12.89 BTC to a new wallet on October 20, 2025, indicating treasury optimization per Arkham Intelligence.
• Global Ranking: As the fifth-largest holder with 6,262 BTC valued at $700M, Bhutan outperforms several nations in crypto reserves, according to Bitbo data.
• Future Outlook: With CZ’s prediction of Bitcoin overtaking gold, monitor sovereign strategies for insights into market shifts and investment opportunities.

Conclusion

The latest Bhutan Bitcoin transfer underscores the nation’s sophisticated management of its substantial BTC holdings, ranking it among top global sovereigns. Amid Bitcoin and gold’s evolving rivalry, as highlighted by experts like CZ, these moves reflect broader institutional confidence. As crypto integrates into national treasuries, investors should track such developments for strategic guidance. COINOTAG will continue monitoring updates—published October 21, 2025, by COINOTAG analysts.