The post Breaking: Bhutan Govt Begins Staking Ethereum, Holds Over $1M in ETH appeared on BitcoinEthereumNews.com.

Key Insights: In the latest Ethereum news, the Bhutan government moves 320 ETH for staking on Figment on Thursday. It comes after the Bhutan government to anchor its national digital identity system on Ethereum. ETH price jumps ahead of the Fusaka upgrade, with analysts predicting a move to $3,400. In a major Ethereum news today, the Royal Government of Bhutan just staked 320 ETH on the leading institutional staking platform Figment. It follows the selection of Ethereum for anchoring its national digital identity system. Can the Royal Government of Bhutan’s support for Ethereum trigger a rally in ETH price above the key $3,400 level? Big Ethereum News: Bhutan Govt Starts ETH Staking The Royal Government of Bhutan moved 320 ETH worth $971K to Figment, Onchain Lens reported on November 27. The on-chain expert claims ETH was transferred for staking. The Royal Government of Bhutan Stakes ETH | Source: Arkham This was the first time the Bhutan government has moved ETH from its holdings for staking. Typically, the wallet linked to the Bhutan government is known for selling ETH. In the last year, the wallet has offloaded 1119 ETH worth $2.2 million. The Bhutan govt still holds 336.021 ETH worth more than $1.02 million. The wallet holds 6154.338 BTC worth $562.35 million, even after massive BTC selloffs by the Bhutan government recently. Bhutan Govt Plans to Link its National ID System to Ethereum The latest ETH move to Figment likely came in response to the Bhutan government’s plan to anchor its national digital identity system on Ethereum. Vitalik Buterin and the Ethereum Foundation’s Aya Miyaguchi attended the launch event. They claimed it enables governments to use open infrastructure and maintain secure, sovereign, and verifiable public identity systems. The major Ethereum news following the milestone marks not only a national achievement but…

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Filed under: News - @ November 27, 2025 2:25 pm