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Bhutan Deepens Crypto Play: Stakes ETH, Integrates Ethereum ID

Thursday Nov 27 2025 22:20

2 min

Table of Contents

1. Bhutan Increases its Ethereum and Blockchain Investments
1.1 Ethereum Integration Underway
1.2 Bhutan's Expanding Crypto Footprint
1.3 Institutional and Global Trends

Bhutan Increases its Ethereum and Blockchain Investments

Blockchain data reveals that the Royal Government of Bhutan has staked 320 Ether (ETH), valued at approximately $970,000, through Figment. This action represents the latest move in the Himalayan nation's expanding cryptocurrency portfolio and validator operations. Figment provides staking services, assisting large investors and institutions in staking digital assets across various blockchains and earning rewards for securing proof-of-stake networks. This staking venture complements Bhutan's growing engagement with Ethereum. Back in October, the South Asian nation, with a population of around 800,000, initiated the migration of its self-sovereign digital ID system from Polygon to Ethereum. This shift enables residents to verify their identities and access government services on the Ethereum network.

Ethereum Integration Underway

The Ethereum integration is currently active, and complete migration of all resident credentials is anticipated by early 2026. This information was shared by Aya Miyaguchi, President of the Ethereum Foundation, during a launch event alongside Vitalik Buterin and Bhutan’s Prime Minister, Tshering Tobgay.

Bhutan's Expanding Crypto Footprint

Bhutan has been actively involved with digital assets for several years. In 2019, the country began accumulating Bitcoin by leveraging its hydropower resources to mine the cryptocurrency. Arkham data indicates that Bhutan currently holds approximately 6,154 BTC, worth over $562 million based on current prices. In July, Bhutan unveiled plans to stimulate its tourism industry and attract younger travelers by integrating cryptocurrency payments throughout the country. Officials stated that this initiative, supported by Binance, has onboarded nearly 1,000 merchants and aims to modernize wire transfers and streamline transactions for tourists.

Institutional and Global Trends

Bhutan's growing activity reflects broader trends in institutional and corporate Bitcoin accumulation, where large holders are exerting increasing influence on the market. Among corporate Bitcoin treasury holders, Michael Saylor's MicroStrategy dominates with 649,870 BTC, while Marathon Holdings holds a distant second place with 53,250 BTC. The largest known Bitcoin stash remains under the control of Satoshi Nakamoto, the pseudonymous creator of the network, who is estimated to possess around 1.1 million BTC.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Written by:

Sophia Claire

Bhutan Deepens Crypto Play: Stakes ETH, Integrates Ethereum ID

Bhutan Increases its Ethereum and Blockchain Investments

Ethereum Integration Underway

Bhutan's Expanding Crypto Footprint

Institutional and Global Trends

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