Bhutan Transfers 375 Bitcoin for Economic Zone Funding

Bhutan's government-linked investment arm transferred nearly 375 Bitcoin, valued at approximately 25 million dollars, to an external wallet on March 31, 2026, pushing the Himalayan nation's weekly outflows above 1,000 Bitcoin and totaling more than 70 million dollars at prevailing prices around 66,000 to 68,000 dollars per coin.

Blockchain analytics platforms confirmed the transaction originated from wallets associated with Druk Holding Investments, Bhutan's sovereign wealth entity, and was routed to an unlabeled address. This move follows a series of transfers earlier in the week, including 519.7 Bitcoin on March 25 and 123.7 Bitcoin on March 27, bringing the seven-day total to about 1,018 Bitcoin. March has seen the most intense activity yet, with additional outflows such as 595.8 Bitcoin, 205.5 Bitcoin, 175 Bitcoin, and 150 Bitcoin, many directed to addresses connected to over-the-counter trading firms like Singapore-based QCP Capital or financial services provider Galaxy Digital.

These transfers have reduced Bhutan's Bitcoin holdings to roughly 3,954 coins, worth around 263 million dollars, according to on-chain tracking data. This marks a decline of 66 to 70 percent from a...