Bhutan has just transferred 137 BTC, valued at approximately $14.77 million, to Binance. The himalayan country has over $1.2 billion in digital assets, however, this was their first ever transaction in 7 months. It raised speculations across the crypto community: is Bhutan cashing in profits or setting the stage for something larger.
According to on-chain data, the Royal Government of Bhutan continues to hold 11,924 BTC worth over $1.1 billion. The country’s involvement in crypto assets has been largely under the radar until recent years with reports surfacing in 2023 revealing its sovereign wealth fund, Druk Holdings & Investments (DHI) actively invests in Bitcoin and other digital assets.
🚨 IS BHUTAN SELLING $BTC?
⁰🇧🇹 Bhutan just moved 137 BTC ($14.77M) to Binance – their first transfer in 7 months.
They still hold over $1.1B in Bitcoin.
⁰Taking profits or prepping for something bigger? 👀 pic.twitter.com/eJaseSTD3j
— The Crypto Times (@CryptoTimes_io) June 30, 2025
Today’s move raised eyeballs as transfers to Binance exchange indicate an intent to sell. However in a recent panel discussion co-hosted by Binance, Bhutanese officials laid out a broader and clear vision to bring crypto out of theory and into everyday life.
Hence, instead of selling off BTC for profits the recent transaction might be a required step to achieve their future goals. Bhutan is already working with Binance to enable cost free crypto transactions for over 1,000 merchants across the country.
Bitcoin price chart, Source: CoinMarketCap
At the time of writing this, Bitcoin is trading at $107,745 with a mere weekly gain of 5%. The uptick was observed on June 24 itself, the rest of the week BTC has traded sideways in the range of $107,750 to $165,000.
