- Bhutan stakes 320 ETH on Ethereum 2.0.
- Institutional interest grows in Bhutan.
- Staking signals bullish ETH sentiment.
The Bhutan government, through Druk Holding & Investments, has staked 320 ETH on Ethereum 2.0 using Figment’s infrastructure, marking significant state-level participation in cryptocurrency on a global blockchain network.
This strategic move highlights increasing sovereign interest in Ethereum, potentially impacting market liquidity and bolstering trust in blockchain technologies for national projects, including digital identity initiatives.
The Bhutan government, through its entity Druk Holding & Investments, staked 320 ETH on Ethereum 2.0 via Figment. This move symbolizes Bhutan’s institutional engagement in the crypto space, marking a significant milestone in blockchain adoption.
Druk Holding & Investments executed the staking using Figment’s infrastructure, aligning with Bhutan’s digital strategies. No direct public statements were found from government officials or Ethereum leaders about this specific transaction, though broader initiatives have been supported.
The staking of 320 ETH, valued around USD 920,800, adds to over 34 million ETH staked on Ethereum 2.0. This development is part of a larger trend of sovereign entities engaging in blockchain, potentially affecting ETH liquidity.
The financial implications include a 4-5% APR on staked ETH, indicating a yield-generating opportunity. By enhancing network security and reducing circulating supply, this initiative may create upward price pressure on Ethereum tokens.
Staking inflows, as tracked by OnchainLens, show growing validator participation, supporting network decentralization. Bhutan’s inclusion strengthens the Ethereum ecosystem, aligning with their national digital ID project on the blockchain.
Historically, institutional staking has shown to increase network trust and decentralization. With regulatory clarity from 2025, institutional participation in crypto markets is expanding, reflecting growing confidence in the technology’s future viability.
“The endorsement of Bhutan’s national digital ID initiative on Ethereum reflects positive institutional sentiment and backing for Bhutan’s Ethereum ecosystem participation.” – Aya Miyaguchi, President, Ethereum Foundation
