Key highlights:
- Bhutan offloaded 213 BTC for $23.73 million just two hours before market close near Bitcoin’s all-time high.
- It still holds 11,711 BTC worth $1.3B, nearly double El Salvador’s stack, and continues to outperform passive holders like Germany.
Paradisers! While most governments either panic-sell or sit on their hands, Bhutan’s royal Bitcoin desk appears to operate with sniper-level precision.
The country just moved 213 BTC worth $23.73 million to Binance, and the timing couldn’t have been tighter. The largest chunk, $23.18M, landed just two hours before market close as Bitcoin tapped a fresh ATH above $112,000.
This isn’t a one-off fluke. It’s part of a clearly patterned strategy: sell the spike, keep the core. And it’s working. Bhutan still holds 11,711 BTC valued at $1.3 billion, maintaining its spot as the sixth-largest government Bitcoin holder globally.
Germany and El Salvador: Opposite Extremes, Same Missed Gains
Let’s play out the alternatives. Germany dumped 49,858 BTC at $53K, locking in short-term liquidity but forgoing $2 billion in gains. El Salvador, meanwhile, is doing the Bitcoin blood oath, HODL till the end, holding 6,233 BTC but with zero realized gains.
Bhutan? It sold 1,696 BTC in two months at an average of $81,999, realizing profits while still keeping most of the pie. Not a bad play for a kingdom more famous for monks than market makers.
Green Mining, Black Belts in Market Timing
Behind Bhutan’s trading precision is a hydro-powered mining empire run by Druk Holdings & Investments. Since 2019, it has mined 13,011 BTC using cheap, green energy, and put it to work. That’s not just ESG brownie points; it’s pure GDP. Bitcoin and other digital assets now make up 43% of Bhutan’s $3 billion GDP.
The kingdom partnered with Bitdeer to build a 600 MW facility on the site of a failed $1B “Education City” project, talk about turning flops into fortunes.
From Temples to Tokens: Crypto in Every Corner
Bhutan isn’t just mining and selling. It’s building a full crypto economy. In the new Gelephu Mindfulness City, Bitcoin, ETH, and BNB are officially part of strategic reserves. The region now hosts firms like Matrixport and offers crypto tourism payments via Binance Pay, from flights to fruit vendors.
Bhutan even moves USDT between Binance and Kraken to fine-tune its treasury, a level of on-chain sophistication that’d make some hedge funds blush.
Are You Trading Smarter Than a Monk?
You’re not Bhutan. But you can learn like Bhutan.
We’ll cover Bhutan’s Bitcoin chess game in our upcoming YouTube stream. Want to know how to sell into peaks like they do? We’ll break it down.
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Bhutan just sold $23.73M in Bitcoin at $112K, again nailing the top while other governments fumble. When a tiny Himalayan nation out-trades global powerhouses, you’ve got to ask: is your Bitcoin strategy reactive… or royal?
