Why did Bhutan start Bitcoin mining ?

Bhutan's cheap hydropower made mining a no-brainer — clean energy turning rivers into BTC, no fossil fuels needed.

What's left of Bhutan's Bitcoin after the sales?

3,954 BTC, valued at about $280.6 million as of now, down 70% from their peak stash.

Is Bitcoin mining profitable for countries like Bhutan anymore?

Not at current difficulty and prices — they'd make more selling power to India than running rigs.

Bhutan's Bitcoin Unwind: 70% Sold Off as Mining Dreams Fade

Thursday's 319.7 BTC transfer — worth $22.68 million — caps Bhutan's quiet fire sale. From mining pioneer to reluctant seller, the kingdom's pivot exposes crypto's harsh economics for small players.

Fintech Dose Apr 11, 2026 3 min read

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Bhutanese mountains with hydropower dams and declining Bitcoin price chart overlay

⚡ Key Takeaways

Bhutan sold 70% of its 13,000 BTC holdings in 18 months, leaving 3,954 BTC worth $280M. 𝕏
Mining likely halted; no major inflows in over a year amid rising difficulty and halving pressures. 𝕏
Contrasts sharply with buyers like MicroStrategy and ETFs, highlighting risks for small sovereign miners. 𝕏

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Fintech Dose

Markets. Money. Innovation.

#Bhutan bitcoin #Bitcoin mining #Bitcoin sales #crypto sales #crypto sell-off #sovereign crypto

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Originally reported by CoinDesk

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