Bitcoin News: Bhutan Sells $22M in Bitcoin From Government Wallets

Key Insights

• Bitcoin news shows Bhutan continues small, controlled BTC sales.
• El Salvador keeps most of its Bitcoin untouched long-term, currently holding around 7,500 BTC.
• Two countries follow opposite Bitcoin reserve strategies.

Bitcoin news this week is focused on activity coming from Bhutan’s government wallets. Data shows that the country’s wallet moved more than $22 million worth of Bitcoin. While some believe that a 70% portfolio erosion led to this, several other factors also come to light.

More so when another country, El Salvador, holds steady. This contrast is now drawing attention in Bitcoin news. It shows two very different ways governments are managing their Bitcoin reserves.

Bhutan Built Its BTC Holdings Over Time

To understand this Bitcoin news story, it helps to look at how Bhutan built its Bitcoin position. Bhutan did not buy most of its coins from exchanges. It earned them through mining since 2019. At that time, Bitcoin price was at $5,000.

After the last halving cycle, mining rewards dropped, and operating costs increased. Production slowed. Since then, Bhutan has focused more on managing its existing holdings. At one time, Bhutan even held $1 billion in BTC.

Bitcoin News: Bhutan’s Stash In 2024 | Source: X

Some coins were used as collateral for projects. Some were sold to support government budgets. The rest stayed in reserve.

This explains why Bitcoin news from Bhutan often includes small selling activity. The country treats part of its Bitcoin as a financial resource.

Bitcoin News Shows Bhutan’s Steady Selling Pattern

Recent Bitcoin news from blockchain trackers shows that Bhutan transferred around $22 million in Bitcoin in one week.

Some of these coins were sent to trading firms and exchange-linked wallets. These routes are often used when large holders want to sell quietly.

In 2025, Bhutan made several similar transfers in the $40 million to $60 million range. The same pattern appeared again in early 2026.

Bhutan Selling BTC | Source: X

Instead of selling large amounts at once, Bhutan prefers to sell in smaller parts.

One recent transfer involved about 100 BTC sent to a market-making firm. Another involved 184 BTC sent through an intermediary wallet. These steps are used to limit market impact.

Even after these transfers, Bhutan still holds close to 5,700 BTC. At current prices, this is worth hundreds of millions of dollars.

So this Bitcoin news does not mean Bhutan is leaving Bitcoin. It shows the country is using part of its holdings when needed, while keeping most in reserve.

Bitcoin News Highlights El Salvador’s Hold Strategy

Since 2021, El Salvador has been buying Bitcoin regularly. Since 2022, it has often added about one Bitcoin per day. Currently, the stash sits close to 7,500 BTC.

El Salvador’s BTC Stash | Source: X

This has made El Salvador known for holding its Bitcoin without selling. The government treats Bitcoin as a long-term reserve. Short-term price changes do not guide its actions.

Two Different Government Bitcoin Strategies

Most governments hold Bitcoin only because of seizures. Bhutan and El Salvador are different. They built their holdings on purpose.

One relies on mining and controlled selling. The other relies on regular buying and long-term storage. Both approaches reflect different financial plans.

As Bitcoin news continues to track government wallets, these two countries remain key examples of how state-level Bitcoin strategies can differ.

One uses Bitcoin to support state budgets. The other keeps it as a long-term reserve. This contrast will likely remain a central theme in most Bitcoin news bits going forward.

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