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Bhutan Government’s Crypto Holdings Now 30.7% of GDP
The government of Bhutan has reportedly transferred $63 million worth of Bitcoin to three separate wallets, bringing the country’s crypto holdings to a staggering 30.7% of its GDP.
According to Onchain Lens and Arkham Intelligence data, the transfers were made on March 24, 2025, with one wallet now holding 600 BTC, valued at approximately $53 million. The reason behind these transactions remains unclear, but it is evident that Bhutan has been actively managing its cryptocurrency reserves over the past year.
Bhutan’s crypto holdings currently account for a substantial portion of its GDP, which was reported to be $2.9 billion in 2023 by World Bank data. These assets primarily consist of Bitcoin, although the country also holds smaller amounts of Ether (ETH), LinqAI (LNQ), Phil (PHIL), and Apu Apustaja (APU). This diversification suggests that the government is looking to minimize risk while maximizing returns.
It’s worth noting that Bhutan has been actively involved in mining Bitcoin using its hydroelectric power since 2019. A wallet linked to Druk Holdings, the nation’s sovereign investment arm, still holds $887.79 million in crypto, including 10.07K BTC.
The country’s primary cryptocurrency holdings are mostly comprised of Bitcoin, but it also maintains smaller positions in Ether (ETH), LinqAI (LNQ), Phil (PHIL), and Apu Apustaja (APU).
Source: https://coinchapter.com/bhutan-governments-crypto-holdings-now-30-7-of-gdp/?utm_source=rss&utm_medium=rss&utm_campaign=bhutan-governments-crypto-holdings-now-30-7-of-gdp
