Bhutan's government, through its investment arm Druk Holding and Investments (DHI), has transferred $23 million in Bitcoin to Binance. This move represents a significant part of the country's asset management strategy amid rising cryptocurrency prices.
Bhutan's Bitcoin Moves
On July 10, 2025, Bhutan moved 213.5 BTC, valued at $23.7 million, to Binance. These strategic sales are in line with the country's patterns of profit-taking during bullish market cycles. Following the transaction, Bhutan's net holdings increased to $1.30 billion. The country is ranked as the sixth-largest holder of Bitcoin globally, leveraging cryptocurrency as a high-yield reserve.
Record High Prices and Market Impact
Bitcoin price surged to $112,000, highlighting Bhutan's profitable treasury strategy. Experts point to healthy liquidity in the markets accommodating these large moves. The financial outcome reflects proactive cryptocurrency reserve management.
Lack of Official Comments
It is noteworthy that at the time of writing, no official comments have been made by Bhutanese representatives or Binance regarding this transaction. There are ongoing questions about the country’s future actions in the cryptocurrency sector.
Bhutan's strategy of selling after reaching market peaks may serve as an example for other countries in managing cryptocurrency reserves amid economic uncertainty.
