According to the source, a social media post dated Oct 26, 2025 claimed the Royal Government of Bhutan holds 696 million dollars in crypto; the post did not cite any official filing or statement to substantiate the figure (source: X post Oct 26, 2025). Bhutan’s state-owned Druk Holding and Investments previously partnered with Bitdeer Technologies Group to develop up to 600 MW of data center capacity for Bitcoin mining in Bhutan, confirming sovereign-backed exposure to BTC mining infrastructure (source: Bitdeer Technologies Group press release May 3, 2023; Bitdeer Technologies Group 2024 Form 20-F). Court documents in the Celsius Network bankruptcy list Druk Holding and Investments among entities involved in digital-asset dealings, evidencing prior engagement with crypto markets by Bhutan’s investment arm (source: U.S. Bankruptcy Court for the Southern District of New York, Celsius Network LLC case docket, 2023 filings). Bitdeer Technologies Group is listed on Nasdaq under ticker BTDR, offering public-market exposure linked to the Bhutan mining partnership that traders can track while awaiting any official confirmation regarding sovereign BTC holdings (source: Nasdaq listing for Bitdeer Technologies Group; Bitdeer Technologies Group press materials on the Bhutan partnership).

According to the source, the Royal Government of Bhutan reportedly holds $982M in crypto with the vast majority in BTC and just 0.073% in ETH (about $717K), as stated in a social media post on X dated Sep 21, 2025 (source: X social media post, Sep 21, 2025). Bhutan’s state investment arm, Druk Holding & Investments (DHI), previously announced a partnership with Bitdeer to build large-scale, carbon-free Bitcoin mining operations in Bhutan, indicating state-linked BTC activity (source: Bitdeer Technologies Group press release, May 3, 2023; Bitdeer SEC filings, 2023). DHI also appeared in U.S. bankruptcy court materials related to Celsius, highlighting prior involvement with crypto platforms (source: U.S. Bankruptcy Court SDNY, Celsius Network LLC, Case No. 22-10964, 2023 filings). For trading, monitor on-chain wallets attributed to DHI by blockchain analytics and watch BTC and ETH liquidity during Asia hours for unusual flows that could follow sovereign treasury activity (sources: Arkham Intelligence entity attribution for Druk Holding & Investments; Kaiko Research liquidity reports 2023–2024).