Policy Event Β· Medium impact

Bhutan Bitcoin Holdings Fall 73%: Ongoing Sell-Off Continues

Bhutan's government Bitcoin holdings declined to all-time lows as 2026 outflows reached $240M. The nation moved 250 BTC on April 13, extending the year-to-date sell-off that has reduced holdings by 73% from October 2024 peak. Analysis suggests potential treasury liquidity needs or strategic diversification.

Medium impactπŸ‡§πŸ‡Ή BhutanRegulationCustodyBTC

APAC FINSTAB analysis

For APAC operators, this creates a medium-impact signal around regulation, custody in Bhutan. Protocols/assets in scope: BTC. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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