The post Government’s BTC Holdings Crash 66% From 2024 Peak appeared on BitcoinEthereumNews.com.

New on-chain data reveals a startling 66% decline in the Bhutanese government’s Bitcoin treasury, marking one of the most significant sovereign cryptocurrency portfolio adjustments of 2025. According to analysis reported by Decrypt, addresses linked to Bhutan have transferred approximately $150 million in BTC this year. Consequently, the nation’s current holdings now stand at 4,453 Bitcoin, valued around $315 million at current prices. This substantial drawdown from its 2024 peak raises critical questions about national cryptocurrency strategy and market impact. Bhutan’s Bitcoin Holdings Experience Dramatic Reduction Blockchain analytics firms first identified the movement from wallets presumably controlled by the Royal Monetary Authority of Bhutan. Subsequently, these transactions flowed to various external addresses, primarily on major exchanges. The timing of these transfers coincides with notable volatility in broader cryptocurrency markets. Furthermore, this activity represents a clear shift from Bhutan’s previously reported accumulation strategy. The Himalayan kingdom had quietly built one of the world’s most significant per-capita national Bitcoin reserves. Industry analysts point to several potential catalysts for this sell-off: Portfolio Rebalancing: Governments often adjust reserve asset allocations based on macroeconomic forecasts. Liquidity Needs: Sovereign entities may require liquid funds for infrastructure or development projects. Risk Management: Reducing exposure to a single volatile asset class demonstrates prudent treasury management. Profit-Taking: Selling during a market peak locks in gains for the national treasury. The table below illustrates the scale of the drawdown: Metric 2024 Peak (Estimated) Current (2025) Change Bitcoin Holdings ~13,000 BTC 4,453 BTC -66% USD Value (Approx.) ~$465M ~$315M -$150M Rank Among Sovereign Holders Top 5 Per Capita Significantly Lower Down Analyzing the Sovereign Cryptocurrency Strategy Shift Bhutan’s initial foray into Bitcoin attracted global attention for its innovative approach to national reserves. The nation reportedly began mining and acquiring Bitcoin years before public disclosure. Moreover, this strategy aligned with Bhutan’s focus on…

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Filed under: News - @ March 26, 2026 2:28 pm