The Bhutan Government has just deposited another 100.215 BTC—worth $11.83 million—into crypto exchange Binance. Unlike the German government, which sold its entire stash of 49,858 BTC at an average of $57,600, Bhutan has timed its sales smartly.
Over the past year, Bhutan has sold 2,262 BTC across six rounds, averaging a price of $88,612. The country managed to create more value from a smaller number of coins, all while still holding onto a reserve of 11,611 BTC, which is now worth about $1.37 billion—as noted by Lookonchain.
Bhutan’s Smart Strategy Pays Off
Bhutan started Bitcoin mining in 2019, when the price was around $5,000. Mining now accounts for over 25% of the country’s GDP. The state investment arm, Druk Holdings and Investments, has mined 13,011 BTC to date. Moreover, it oversees other national assets like hydro plants and airlines, which makes this strategy more effective.
Moreover, Bhutan’s 600-megawatt mining facility in Gedu, created in partnership with Bitdeer, has positioned the country as a frontrunner in sustainable Bitcoin mining on a global scale. During market upswings, Bhutan sells its Bitcoin. As a result, the nation has successfully dodged over $2.6 billion in unrealized losses, unlike Germany, which sold off before the recent price surge.
Bitcoin Becomes National Asset
Moreover, cryptocurrencies such as Bitcoin, Ethereum, and BNB have been added to the nation’s Gelephu Mindfulness City’s reserves. The city is also establishing a hospitable environment for crypto enterprises through its friendly regulatory framework. Matrixport has already taken advantage of this and expanded its activities under the terms of this flexible regulatory framework.
In the meantime, German banks like Deutsche Bank and Sparkassen-Finanzgruppe are getting ready for cryptocurrency. Their plans are set for 2026, which means they’re missing out on some early opportunities.
Also Read: Missed Bitcoin Price Rally? Binance Founder CZ Shares Strategy
