Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Bhutan Dumps 70% of Its Bitcoin Reserves Amid Hydropower Expansion

Guavy AI Editorial Team
Instruments
BTC
Share

Bhutan has made a significant shift in its cryptocurrency strategy by liquidating its Bitcoin reserves. The kingdom reduced its holdings from 13,000 BTC in October 2024 to 3,774 BTC currently, marking a 70% decrease.

The rapid sell-off indicates that Bhutan has halted its hydropower-backed mining operations around November 2024. This move comes as the country focuses on expanding its hydropower projects, including the Khorlochchhu project, which relies on a 544 million USD loan from India's Power Finance Corporation.

The government had previously used Bitcoin to create well-paid jobs and support economic growth, but with the expansion of hydropower projects, it appears that Bitcoin mining is becoming less relevant for the national budget. The total GDP in 2024 stood at 3.1 billion USD, and the country aims to reach a tenfold increase in national product by 2050.

More on Crypto

Crypto 1m ago

Saylor Proposes Comprehensive Policy Framework for Digital Economy

Crypto 1m ago

Saylor Unveils Digital Rights Framework for Future Economy

Crypto 1m ago

Saylor Unveils Five-Point Framework for Digital Asset Rights

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy