Bhutan’s government has made a significant investment in the cryptocurrency world. On November 27, 2025, they transferred approximately $970,000 worth of Ethereum to institutional staking provider Figment, marking their first activity since May 2025. This move adds 10 new validators to the Ethereum network, each requiring 32 ETH for operation. The transfer is managed by Druk Holding and Investments, Bhutan’s state investment arm. The government still holds over $1 million in unstaked Ethereum assets. 2025 has seen Bhutan become a leader in the adoption of sovereign cryptocurrency holdings, including Bitcoin, as it actively integrates blockchain technology for national projects like its Digital Identity System launched on Ethereum in October 2025.