"The week's total reached 1,018 BTC, worth more than $70 million at prevailing prices between $66,500 and $67,000 per coin. March marks the busiest period in Bhutan's onchain bitcoin history."
"Bhutan's bitcoin holdings now stand at approximately 3,954 BTC, worth around $263 million, representing a decline of roughly 66% to 70% from a late-2024 peak of more than 13,000 BTC."
"Analysts tracking the activity attribute the sales primarily to funding requirements for the Gelephu Mindfulness City (GMC), a flagship special economic zone that Bhutan pledged up to 10,000 BTC toward in December 2025."
In March 2026, Bhutan's Druk Holding & Investments transferred over 1,018 BTC, valued at more than $70 million. This included a record 595.848 BTC transaction, marking the busiest month in Bhutan's bitcoin history. The country's total bitcoin holdings decreased to approximately 3,954 BTC, down from a peak of over 13,000 BTC in late 2024. Analysts suggest the sales are linked to funding the Gelephu Mindfulness City, a special economic zone aimed at attracting foreign investment. Bhutan has been mining bitcoin since 2019, leveraging its hydroelectric power resources.
Read at news.bitcoin.com
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