Bhutan Government Holdings
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Bhutan Government Holdings sums the BTC balances of tracked addresses attributed to Bhutan’s government. The unit is BTC, so changes reflect the quantity held within that address set rather than fluctuations in its dollar valuation.
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An expanding balance means more BTC is held in the tracked state wallets; a decline means less remains there. The series reached about 13,413 BTC on October 28, 2024, compared with about 683 BTC two years earlier in October 2022, illustrating how sharply the observed reserve can expand.
The chart does not identify whether additions came from mining, purchases or transfers from other wallets. Outflows can be custody movements rather than disposals, and unidentified state-linked addresses may sit outside the total. It measures an attributed wallet balance, not the government’s complete financial position.
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FAQ
How much bitcoin has Bhutan held in the tracked wallets?
The recorded high is about 13,413 BTC on October 28, 2024. This is the peak of the tracked address set, not an independently audited total of all state-owned bitcoin.
Does an increase prove Bhutan bought more bitcoin?
No. A larger tracked balance can also come from mining receipts, transfers or expanded address coverage. The balance alone cannot separate these sources.
Does a transfer out mean Bhutan sold its bitcoin?
It shows that BTC left the tracked address set. Confirming a disposal requires destination and transaction context, since a move to another custody arrangement can produce the same decline.
