The transfers were made in several batches to the cryptocurrency exchange's deposit address. The largest transactions amounted to 227.2 BTC ($14.7 million) and 48.3 BTC ($3.1 million). In May, according to Arkham, the country's government transferred 100 BTC ($8.2 million), bringing BTC sales in 2026 to $230 million. This initiative is part of a plan to allocate $1 billion for the development of the city of the future, Gelephu. Most BTC-holding countries accumulate them through asset seizures. However, Bhutan boosts its reserves through hydroelectric mining. According to bitcointreasuries, Bhutan ranks as the 7th country by BTC volume with 5,000 coins worth $318 million.