Druk Holding and Investments (DHI), the sovereign investment entity of the Royal Government of Bhutan, has moved 175.44 ETH—valued at approximately $497,000—between two of its internally controlled wallet addresses.
On-chain analytics traced the transaction, which appears to be part of DHI’s ongoing digital-portfolio management strategy.
Bhutan has steadily expanded its involvement in digital assets over the past several years. The nation first entered the crypto sector through renewable-energy-powered Bitcoin mining in 2019, using surplus hydropower to generate foreign-currency reserves sustainably.
Beyond mining, Bhutan has explored deeper blockchain integration, including testing a shift of its national identity system to the Ethereum network to enhance decentralization and security.
The recent transfer suggests DHI is consolidating holdings or positioning assets for future operational use—common practices among sovereign wealth entities managing large pools of digital assets.
Bhutan remains one of the few nations actively incorporating cryptocurrencies into its sovereign-level economic strategy.
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