Bhutan moves $12M in Bitcoin as government transfers top $42M so far this year
Crypto Briefing
Bhutan transferred $12 million in Bitcoin, bringing its total government-related BTC movements this year past $42 million.Summary
Bhutan recently moved approximately 175 Bitcoin, valued near $12 million, according to data from Arkham. This transfer raises the total value of government-related Bitcoin movements in the country this year to over $42 million. Arkham notes that Bhutan typically moves Bitcoin in smaller increments ranging from $5 million to $10 million, similar to a recent $7 million sale conducted through QCP Capital a month prior. Despite these movements, Bhutan remains a significant sovereign Bitcoin holder, ranking seventh globally with an estimated treasury of around 5,425 BTC, valued at approximately $372 million.
(Source：Crypto Briefing)