Bhutan’s Bold $107M Bitcoin Move Amid Fed Rate Cut Chaos

Bhutan just dropped a crypto bombshell—shifting a whopping $107 million in Bitcoin as Federal Reserve volatility rattles traditional markets.

Himalayan Hedge Against Chaos

The Kingdom's timing couldn't be more deliberate—executing this massive transfer precisely as interest rate uncertainty sends conventional investors scrambling. While Wall Street sweats over Powell's next move, Bhutan's playing a completely different game.

Sovereign Strategy Goes Digital

This isn't some retail investor dipping toes in crypto waters—it's a nation-state leveraging Bitcoin's inherent insulation from traditional monetary policy. The $107 million movement signals serious conviction in digital assets as a hedge against central bank unpredictability.

Finance's New Frontier

While traditional funds rebalance portfolios based on Fed whispers, Bhutan's writing a new playbook. The move demonstrates how sovereign wealth strategies are evolving beyond bonds and bullion into digital store-of-value assets.

Because nothing says 'we trust our own judgment' like moving nine figures in Bitcoin while the Fed gives everyone whiplash—take that, traditional finance orthodoxy.

Bhutan’s bitcoin reserves and recent activity

According to blockchain data, the Bhutan government wallet now holds 9,652 bitcoin, worth over $1.1 billion.

The transfer marks the first activity from this wallet in a month; its previous transaction in August saw $92 million moved.

For additional context on nation-state holdings, see Bhutan’s historical and current bitcoin reserves.

Bhutan has notably embraced bitcoin in recent years, leveraging hydroelectric power for mining and establishing a bitcoin reserve.

In September 2024, the investment arm Druk Holding and Investments was identified as holding substantial bitcoin and other digital assets, reflecting the nation’s ongoing adoption efforts.

Whales and market volatility after Fed rate cut

The Bhutan transfer comes as other large holders, or “whales,” have also moved significant amounts of bitcoin.

Notably, a dormant wallet transferred $116 million in bitcoin acquired more than a decade ago, just ahead of the Federal Open Market Committee’s rate decision.

Ryan Lee, chief analyst at Bitget, warned that short-term volatility is likely:

“Historically, bitcoin has dipped 5–8% following rate cuts before resuming its upward path, suggesting a potential ‘sell the news’ phase in the days ahead.”