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

CoinFeed 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 a 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 approximately $374 million, managed by the sovereign wealth fund Druk Holding & Investments. Arkham noted that Bhutan regularly sells some of its Bitcoins in increments of $5 million to $10 million. This recent transfer is smaller in scale compared to the over $60 million transferred in four days last July.