Gate News message. On April 9, according to monitoring by Onchain Lens, the Royal Government of Bhutan transferred about 319.7 BTC (about $22.68 million) to two addresses about three hours ago. Of that amount, about 250 BTC were sent to a wallet that had previously been used to dispose of funds via Galaxy Digital and a certain CEX, and the remaining 69.7 BTC were sent to a new unmarked address. According to Arkham data, since the start of this year, the Bhutanese government has moved $215.7 million worth of bitcoin out of its holding addresses, including $162.6 million transferred to an unmarked wallet. After this transfer, Bhutan currently holds 3,954 BTC, worth about $280.6 million. The country held about 13k BTC at the peak in October 2024, and its current holdings are down about 70% from the peak. Bhutan’s bitcoin assets are managed by the national sovereign wealth fund Druk Holding and Investments Ltd. Previously, its mining business supported by hydropower had built up its bitcoin holdings, but according to Arkham data, its last recorded inflow of bitcoin worth more than $100k occurred a year ago.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
