Bhutan Makes Second Bitcoin Transfer in One Week as Reserves Decline
Bhutan transferred another $22 million in Bitcoin to a market maker as declining prices and rising mining costs pressure its state-backed crypto strategy.
Bhutan transferred another $22 million in Bitcoin to a market maker as declining prices and rising mining costs pressure its state-backed crypto strategy.
Bhutan plans to deploy a Sei Network validator in the first quarter, expanding its blockchain strategy while exploring tokenization and payments initiatives.
Bhutan plans to allocate 10,000 bitcoin from its national reserves to support development of Gelephu Mindfulness City. The move formalizes bitcoin’s role in the country’s long-term economic strategy.
Bhutan has signed an MoU with Cumberland DRW to support Bitcoin reserve management and explore broader digital asset infrastructure tied to sustainability goals.