Bhutan’s $1.27 B Bitcoin Holdings Revealed: Here’s What the On-Chain Data Confirms
Bhutan’s Druk Holdings holds 12,062 BTC valued at $1.27 billion, making Bitcoin 99% of its crypto portfolio. U.S. political shifts have reignited dispute on national Bitcoin reserves, enhancing attention on Bhutan’s holdings. Unverified reports suggest ongoing sovereign accumulation, with Bhutan standing out as a verified on-chain holder. The Royal Government of Bhutan has drawn renewed attention after being recognized as a significant Bitcoin holder. According to new blockchain data, Bhutan’s state-owned entity, Druk Holdings, currently holds 12,062 BTC. With BTC trading at $105,492, the nation’s BTC holdings are now valued at $1.27 billion.
Bhutan began accumulating Bitcoin several years ago through mining operations, placing itself ahead of wider global trends. The holdings represent nearly the entirety of Bhutan’s disclosed crypto portfolio. Other assets include 656 ETH valued at $1.65 million, and smaller holdings in tokens such as PHIL, LNQ, APU, KIBSHI, AIKEK, and BOBO. Bitcoin remains dominant, accounting for over 99% of the portfolio’s total $1.27 billion value.
Donald Trump reignited conversations regarding the possible formation of a United States Bitcoin reserve. Advocates of the strategy reference Trump’s stance in favor of digital assets and deregulation. Proposed legislation to license a U.S. Bitcoin stockpile has further fueled the Bhutan Bitcoin holding boost. Trump also stated publicly that he would not allow the U.S. to sell any Bitcoin it currently holds. These remarks have increased interest in the idea of national Bitcoin reserves and may influence future financial policy in the U.S.
Bhutan’s sizable Bitcoin holdings have positioned it at the center of a broader conversation. While the kingdom did not initiate the global movement toward national Bitcoin reserves, its strategic actions place it as a case study in early adoption. The country’s actions may serve as a reference point for emerging economies exploring diversification beyond traditional financial instruments. Bhutan’s approach appears rooted in long-term accumulation, primarily through Bitcoin mining rather than market purchases.
The debate around which country might first formalize a Bitcoin reserve continues. Unverified reports claim an unknown buyer has been acquiring 100 BTC daily, though the buyer’s identity remains undisclosed. As international interest in sovereign Bitcoin reserves rises, Bhutan remains among the few governments with clear, on-chain holdings exceeding $1 billion.
