The Royal Government of Bhutan is Staking 320 ETH through service provider Figment, while also accelerating Ethereum integration for its national digital identity system and holding over $562 million in Bitcoin.
The tiny Himalayan nation continues to assert its leadership in the government sector’s digital assets. on-chain data shows that the Royal Government of Bhutan has just Staking 320 Ether worth approximately $970,000 via Figment, marking a new step in its strategy to expand its crypto asset portfolio and blockchain validator operations.
Figment is a Staking service provider that supports large investors and institutions to Stake digital assets on various blockchain networks, allowing them to receive rewards for securing networks using the proof-of- Stake consensus mechanism. This move is not simply a financial investment but also demonstrates the ambition to participate more deeply in the infrastructure of the Ethereum ecosystem.
Comprehensive digital transformation on the Ethereum platform
The Staking activity adds to the growing focus on Ethereum in Bhutan. In October, the South Asian nation of about 800,000 people began migrating its self-sovereign digital identity system from Polygon to the Ethereum mainnet. The solution allows residents to verify their identity and access public services directly on the Ethereum network, with the full identity transition expected to be completed by early 2026, Aya Miyaguchi, president of the Ethereum Foundation, Chia at a launch event attended by Vitalik Buterin and Prime Minister Tshering Tobgay.
Bhutan is no newcomer to the digital asset space. Since 2019, the country has been quietly accumulating Bitcoin by exploiting its abundant hydropower resources for mining. Currently, Bhutan holds about 6,154 BTC worth over $562 million according to Arkham data, making it one of the few governments to own a significant amount of Bitcoin.
In July, Bhutan announced plans to boost tourism by integrating digital asset payments nationwide. The initiative, backed by Binance, has attracted nearly 1,000 merchants, aiming to modernize remittances and reduce barriers for international travelers. This diversification strategy reflects Bhutan’s long-term vision of incorporating blockchain technology into economic and social development.
