Bhutan Stakes $970K in ETH After Digital ID Launch on Ethereum

Bhutan staked 320 ETH ($970K) on Ethereum after launching its digital ID system on the network, signaling strong blockchain adoption and confidence in Ethereum’s proof-of-stake model.

Bhutan has staked 320 ETH, valued at around $970,000, on the Ethereum network through Figment, following the launch of its national digital identity system on Ethereum in October 2025. This move marks a significant step in Bhutan's integration of blockchain technology into national systems, with the government’s wallet still holding over $1 million in unstaked ETH and a substantial Bitcoin reserve. The digital ID system, already live, is set for full migration by the first quarter of 2026. The initiative has drawn attention from the Ethereum community, with key figures attending the launch and highlighting the benefits of self-sovereign identity. Bhutan’s actions demonstrate growing institutional confidence in Ethereum’s proof-of-stake model and signal a broader trend of governments exploring blockchain for secure identity and treasury management.