Altcoins News
By Jean-Luc Maracon
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Bhutan has sold 300 bitcoins this week, significantly reducing its cryptocurrency holdings. The country, which held 13,000 bitcoins at its peak in October 2024, now possesses…
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Since 2024, Bhutan has been using bitcoin sales to finance its infrastructure projects. This small Asian country, rich in hydropower resources, ventured into bitcoin mining as…
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The latest sale batch, 300 bitcoins, is part of a series of regular transactions. Bhutan's Ministry of Finance continues to closely monitor the market to optimize profits.
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Bhutan's decision to sell its bitcoins has reduced its reserves by more than 70% since its peak in 2024.
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Despite the sales, Bhutan maintains its commitment to the cryptocurrency sector. The government plans to continue investing in bitcoin mining thanks to its abundant energy…
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The Bhutanese government has yet to specify its next steps regarding the management of its bitcoin portfolio. Observers await an official announcement.
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The lack of official comments makes analyzing Bhutan's future intentions speculative. Analysts will closely watch for any announcement that might indicate a change in strategy.
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The Royal Monetary Authority of Bhutan plays a key role in managing the country's digital assets. Since the sales began in 2024, it has overseen each transaction.
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In January 2026, Bhutan had already sold 2,000 bitcoins, generating significant funds for its ongoing projects.
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Prime Minister Lotay Tshering stated in February that bitcoin sales have reduced Bhutan's reliance on international aid.
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However, Bhutan remains cautious about the volatility of the cryptocurrency market. Financial officials closely monitor bitcoin price fluctuations to maximize returns on each sale.
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In March 2026, Bhutan concluded an agreement with a Singapore-based technology company to improve the efficiency of its mining operations.
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Finance Minister Namgay Dorji indicated that the agreement with the Singapore company could generate significant savings.
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Meanwhile, Bhutan has seen increased interest from foreign investors in its renewable energy capabilities.
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The government continues to keep a close eye on bitcoin prices. Minister Dorji emphasized that each sale is carefully planned to take advantage of price increases, thereby…
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