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Sep 7, 2026

Bhutan transfers 400 BTC to unlabelled address, leaving sovereign holdings at 518 BTC

The Royal Government of Bhutan has moved approximately 400 Bitcoin, worth around $30.62 million, to an unidentified external address according to blockchain analytics firm Lookonchain. The transfer reduces Bhutan's sovereign Bitcoin holdings to 518 BTC.

Sep 7, 2026·1 source
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Aug 7, 2026

Bitget Signs Agreement to Establish Licensed Operations in Bhutan's Gelephu Mindfulness City

Cryptocurrency exchange Bitget has signed a cooperation agreement with Bhutan's Gelephu Mindfulness City Authority to establish a local presence and pursue a financial services license under the city's virtual assets framework. The move positions Bitget in Bhutan's emerging crypto-friendly special economic zone.

Aug 7, 2026·6 sources
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Aug 1, 2026

US makes the visa bond program permanent, requiring up to $20,000 from 50 Countries, mostly in Africa

The U.S. State Department announced it will permanently implement a visa bond program requiring applicants from 50 countries—predominantly African nations, plus Bangladesh, Bhutan, and Nepal—to post bonds of up to $20,000 when seeking B1/B2 visas. The program, which transitions from a pilot initiative, takes effect August 3, 2026.

Aug 1, 2026·9 sources
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Jul 30, 2026

Bhutan’s Gelephu Mindfulness City Appoints 3iQ to Manage Bitcoin Reserves

Canadian digital asset manager 3iQ has secured a mandate to manage a portion of Gelephu Mindfulness City's Bitcoin reserves as part of a strategic partnership to advance the planned city's digital asset infrastructure.

Jul 30, 2026·1 source
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Top claims

  • ▪It remains unclear from on-chain data whether the 10,000 Bitcoin pledged for the Gelephu Mindfulness City project were transferred, sold, or remain in unlabeled wallets.
  • ▪On September 7, 2026, the Royal Government of Bhutan transferred approximately 400 Bitcoin, valued at around $30.62 million, to an unidentified external address.
  • ▪The Bitcoin transfers are primarily attributed to Bhutan's sovereign wealth fund, Druk Holding and Investments, which has routed Bitcoin to Binance, Galaxy Digital, and QCP Capital in 2026.

Topics

Strategic Bitcoin reservesBitcoin wallets & custodyBitcoinOn-chain analysisBitcoin adoptionCrypto exchange regulationCrypto regulationInstitutional crypto adoptionU.S. immigration policyU.S.-China relationsU.S. domestic politicsTrade restrictions

Related entities

BangladeshUnited StatesNepalCanada