The Bhutanese government transferred 175 bitcoins, worth approximately US$11.85 million, last night.

PANews reported on March 10th that, according to The Block, Arkham data shows that around 7:56 PM Beijing time on March 9th, the Bhutanese government transferred 175 Bitcoins, worth approximately $11.85 million. This is the latest move following the transfer of $6.8 million last month, bringing the total amount of Bitcoin transferred by the country since 2026 to approximately $42.5 million.

The Bhutanese government currently holds approximately 5,400 bitcoins, worth about $374 million, managed by the sovereign wealth fund Druk Holding & Investments. Arkham noted that Bhutan regularly sells portions of its bitcoins in increments of $5 million to $10 million. This recent transfer is smaller than the over $60 million moved in four days last July, when Bhutan held over 11,000 bitcoins, worth $1.4 billion, representing more than 40% of the country's GDP.