Bhutan Quietly Transfers $50 Million in Bitcoin Amid Rising Crypto Market

In a very unexpected move, the Royal Government of Bhutan has quietly transferred 449.3 Bitcoin, worth about $50.15 million to Binance over the last 11 days. According to a report by Cointelegraph, using blockchain data from Arkham Intelligence, the most recent transaction of 100 BTC ($11.8 million) was made just minutes before the news came out on July 11, 2025.

For a country that is  known for its beautiful, calm mountains and a focus on “Gross National Happiness,” this sudden surge of Bitcoin activity has caught the crypto world’s attention.

A Closer Look at the Transfers

The blockchain shows a clear pattern. Bhutan has been moving large amounts of Bitcoin to Binance steadily over the past few days. Just one day ago, the government transferred over 212 BTC ($23.6 million). Two weeks ago, another 137 BTC ($14.7 million) was moved.

These aren’t just any random moves. They look to be a part of a well-planned strategy.

Earlier the transfers were small and evened out, only 0.0001 BTC here and there. But since late June, Bhutan’s crypto activity has picked up speed in a big way.

Why Is Bhutan Selling Its Bitcoin?

So, why is Bhutan doing this?

There’s no official word from the government yet, but there are a few theories:

• Raising Funds: Bhutan could be using the funds to support national projects or repay debts.
  
• Profit-Taking: With Bitcoin prices up in 2025, the government might simply be cashing in.
  
• Regulatory Shifts: As crypto regulations tighten globally, Bhutan may be adjusting its strategy.
  
• Rebalancing Investments: Bhutan could be moving funds to diversify or shift into other assets.
  

Whatever the reason, the scale and speed of these transfers suggest this isn’t just routine portfolio management. Something bigger may be unfolding behind the scenes.

Bhutan’s Secret Crypto Past

Bhutan’s interest in crypto isn’t entirely new. The country quietly mined Bitcoin for years using its renewable energy, working with companies like Bitdeer to expand operations. But until recently, most of its crypto dealings were kept under wraps.

This recent move, to shift over $50 million worth of Bitcoin onto a public exchange, marks a bold step into the spotlight.

What This Means for the Crypto World

Bhutan’s moves might be signalling a bigger change ahead. We could start seeing more countries treat crypto like serious investors do, with buying, selling, and moving funds around strategically, depending on the market and the moment.

At the same time, Bhutan choosing Binance, which is a major player in the crypto world, shows that centralised exchanges still have a strong role to play when it comes to hefty transactions.

For now, traders and analysts will be watching real close. Will Bhutan keep selling more BTC? Or was this a one-time decision?