Proceeds from Bitcoin sales have paid for healthcare, environmental programs, 
and government worker salaries in Bhutan — a detail that puts the kingdom&#8217;s 
latest crypto move in sharper focus. Related Reading: WAR Token Explodes 100%, 
Then Crashes 20% In Sudden Sell-Off A Small Nation With A Big Bitcoin Strategy 
On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, 
worth roughly $11.85 million, out of Bhutan&#8217;s main government wallet. The 
funds moved to an address created about a month ago, one that had already 
received 184 Bitcoin from state accounts. As of Tuesday, the coins had not 
moved again. No sale has been confirmed. But the transfer fits a pattern 
Arkham has tracked for months. Data shows Bhutan tends to offload Bitcoin in 
batches of $5 million to $10 million at a time. The heaviest selling on record 
came in mid-to-late September 2025. Back in February, a similar transfer 
preceded a $7 million sale to Singapore-based crypto trading firm QCP Capital. 
Bhutan just moved another $11 Million of Bitcoin out of its main holding 
addresses. The last time they did this was 1 month ago, and they were selling 
$7 Million of BTC with QCP Capital. Bhutan periodically sells portions of its 
Bitcoin in clips of $5-10M, with a particularly… pic.twitter.com/tBuz280bBe — 
Arkham (@arkham) March 9, 2026 How Bhutan Built Its Stash The kingdom did not 
buy its Bitcoin on an exchange. It mined it. State-backed operations began in 
2019, powered almost entirely by hydroelectric energy. During summer months, 
Bhutan&#8217;s rivers run fast and full, pushing its hydropower plants into surplus. 
Rather than waste that extra electricity, officials directed it toward Bitcoin 
mining. That strategy produced roughly 13,000 Bitcoin over several years, 
making Bhutan one of the larger sovereign holders in the world. Arkham 
currently puts the country&#8217;s holdings at around 5,400 Bitcoin — a figure that 
reflects years of periodic selling. Among nations, Bhutan ranks seventh. The 
US holds the top spot by a wide margin, with 328,372 Bitcoin worth close to 
$22 billion. The April 2024 halving hit the operation&#8217;s profitability hard. 
Mining rewards dropped to 3.125 Bitcoin per block, pushing up the effective 
cost of each coin produced. Since then, Bhutan has sold more frequently, and 
some Bitcoin miners globally have shifted their computing power toward 
artificial intelligence and data center work instead. Related Reading: 
Bitcoin’s Valuation Model Hints At $500K Cycle Average, Analyst Says Druk 
Holding Manages The Portfolio All of Bhutan&#8217;s digital assets — Bitcoin 
included — are managed by Druk Holding and Investments, the country&#8217;s 
sovereign wealth fund. The portfolio also holds smaller amounts of Ether and a 
memecoin called KiboShib, which was reportedly generated by artificial 
intelligence. What makes Bhutan&#8217;s position unusual is how grounded its crypto 
activity is in basic public finance. The kingdom is not sitting on Bitcoin as 
a long-term ideological bet. It is mining when the energy is cheap, selling 
when prices allow, and using the money to keep the lights on. Featured image 
from Unsplash, chart from TradingView

Bitcoin Worth Nearly $12 Million Moved By Bhutan In Fresh On-Chain Activity

Ripple APAC managing director Fiona Murray said there was sufficient 
institutional interest in Australia to warrant the costs of acquiring an 
Australian Financial Services License.

Ripple targets April for Australian financial license via acquisition

U.S. regulators are moving to align oversight of securities and derivatives 
markets as SEC Chairman Paul Atkins pushes a coordinated framework with the 
CFTC designed to reduce duplicate compliance, unify supervision, and 
streamline how firms operate across both regimes. SEC and CFTC Move Toward 
Unified Market Oversight Framework Regulatory coordination between U.S. market 
overseers is […]

SEC Chair Pushes SEC-CFTC Regulatory Harmonization

Bitcoin has climbed back to the top of its current trading range, placing the 
market at a critical decision point. While a breakout could open the door to 
further upside, analysts warn that failure to push higher may trigger a sharp 
rejection. If selling pressure emerges at these highs, Bitcoin could rotate 
back toward the key support level around $62,800. A Return To The Top Of Its 
Trading Range Bitcoin moves to its range highs, prompting analyst Lennaert 
Snyder to issue a cautious update regarding current market conditions. Snyder 
highlights his trading strategy: avoiding long positions at the top of a 
range. Since the most logical and high-probability buying opportunities are 
found at the range lows, entering a long at these elevated levels presents an 
unfavorable risk-to-reward ratio. Related Reading: Bitcoin At The Bottom? The 
23-Month Cycle That Has Never Failed Instead of chasing the upward momentum, 
the current technical setup suggests that a shorting scenario is much more 
compelling. Snyder is currently tracking three potential paths for today’s 
price action, each focusing on how Bitcoin reacts to overhead resistance. If 
Bitcoin begins to drop from its current position and loses the critical market 
structure level at $69,383, it would signal a shift in momentum. In this case, 
Snyder intends to enter a short position, targeting the &#8220;weak lows&#8221; situated 
around $65,280. Furthermore, there is buy-side liquidity still resting above 
the current price at $71,200 and $72,846. If Bitcoin pushes higher to &#8220;sweep&#8221; 
these pools and trap breakout buyers, Snyder will wait for a bearish Market 
Structure Break (MSB) to confirm the move. This confirmation would then serve 
as the entry point to short the asset back down toward the same $65,280 
target. Bitcoin Touches Exact Range High At $70,500 In a recent technical 
update, crypto analyst Zord highlighted that Bitcoin has accurately tapped the 
Range High at approximately $70,500, a level previously identified in his last 
market analysis. This precise touch confirms the current range boundaries, 
placing the asset at a critical inflection point where the next major 
directional move will likely be decided. Related Reading: Bitcoin Losing 
Strength — $66,000 Now The Line Between Recovery And Crash The potential for a 
bullish expansion remains on the table, with Zord noting that a successful 
breakout from this resistance could finally propel BTC toward a new all-time 
high or a sweep of the $74,000 level. However, the analyst cautioned that 
despite the proximity to these highs, a definitive breakout has not yet 
materialized. Conversely, the risk of a rejection at this overhead resistance 
carries significant downside implications. If BTC fails to sustain its 
momentum here, Zord anticipates an immediate retracement back through the 
Range Mid, ultimately targeting the Range Low situated at $62,800. Featured 
image from Pixabay, chart from Tradingview.com

Bitcoin Hits Range Highs: Rejection Could Send Price Toward $62,800

Stablecoins are rapidly reshaping global finance as transaction volume surges 
past traditional payment giants, signaling accelerating institutional adoption 
and expanding real-world use cases across emerging markets, cross-border 
payments, and enterprise financial infrastructure. Stablecoin Growth Signals 
Rising Institutional Demand Worldwide Stablecoin adoption is accelerating 
globally as transaction activity and institutional use expand. Ripple Managing 
Director for […]

Cryptocurrency price in MXN