The government of Bhutan has moved 320 ETH into a staking arrangement on the Figment platform, locking the position for at least 28 days.

Staking arrangement and mechanics

Bhutan’s transfer allocates 320 ETH to be staked via Figment, a third-party infrastructure provider that delegates funds to validators for consensus participation.

Staked ether will remain locked for a minimum period of 28 days, during which the tokens cannot be withdrawn or traded until protocol conditions allow unstaking.

Market context

Ethereum’s price had earlier dropped to $2,623 before recovering and stabilising above $3,000, reflecting volatility around recent selling pressure.

Market commentary indicates that many traders remain uncertain about whether the recent recovery will sustain or reverse in the near term.

Interpretation and immediate effects

The decision to stake by a sovereign actor signals a preference for earning network rewards over short-term liquidity, without implying a guaranteed price outcome.

Using a custody and staking provider like Figment shifts operational responsibilities to that provider while the underlying protocol determines reward and lockup timing.

Operational notes

Staking positions typically accrue rewards denominated in ether according to validator performance and protocol parameters, and are subject to slashing risks if validator infra misbehaves.

Bhutan’s operation will follow the protocol’s unstaking and withdrawal rules, which govern when and how the locked 320 ETH can be released.