Bhutan's government continues to sell Bitcoin, raising $6.8 million in its latest sale as market conditions challenge mining operations.
The government of Bhutan has been actively selling Bitcoin from its reserves for three weeks in a row, with the latest transaction involving 100 BTC that raised around $6.8 million, according to analysts from Arkham.
BHUTAN JUST SOLD $6.7 MILLION BTC
Bhutan has been selling Bitcoin every week for the past 3 weeks. pic.twitter.com/cLL3fb2Ckh
— Arkham (@arkham) February 13, 2026
Since September, the total sales have exceeded $100 million, leaving Bhutan with approximately 5,600 BTC, valued at around $372 million, in its identified wallets.
Bhutan's Bitcoin accumulation has primarily come from mining operations. At one point, the country's reserves reached over 13,000 BTC. However, the mining sector faced challenges following the Bitcoin network's fourth halving in April 2024, which reduced the block reward from 6.25 BTC to 3.125 BTC.
The government's mining capacity, developed in collaboration with Bitdeer, was projected to hit 600 MW with the launch of the Gedu data center in August 2023. However, achieving the intended hashrate of 20 EH/s has faced significant delays, as noted by Arkham.
Experts have observed that miners entered a severe profit crisis in the latter half of 2024, exacerbated by falling Bitcoin prices and rising energy costs, prompting many companies to shut down operations due to unprecedented losses. This downturn was further complicated by a winter storm in the U.S., which impacted mining activities.
Notably, on February 7, Bitcoin mining difficulty dropped by 11%, marking the most significant decline since the mining ban in China in 2021.
